Record mantainence of shares trading
This query is : Resolved
AMEET KIMBAHUNE
(Querist)
16 May 2014
Sir,
I am writing Books of ACCOUNTS FOR A Elderly person. He trades in Futures , Options and Short Term Shares . But has only Contract Notes with him. Can I mantain Excel Workings for the purpose of Income tax. Or do I have to mantain it in some kind of software. If I can provide full details with lot sold and purchase .
Please reply
I am writing Books of ACCOUNTS FOR A Elderly person. He trades in Futures , Options and Short Term Shares . But has only Contract Notes with him. Can I mantain Excel Workings for the purpose of Income tax. Or do I have to mantain it in some kind of software. If I can provide full details with lot sold and purchase .
Please reply
Pradeep Shah
(Expert)
17 May 2014
you can maintain records in excel, there is no necessary to do in software.
Nikhil Kaushik
(Expert)
17 May 2014
all you need is bank statements, contract notes, records of any dividend received...payment made for DP etc etc.
whether you maintain the profit and loss account in excel or on a piece of paper is immaterial.
whether you maintain the profit and loss account in excel or on a piece of paper is immaterial.
Rupesh Jain
(Expert)
31 May 2014
you have to maintain complete detail of a single transaction. for that you use some software it give better result in future.
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