banner_ad

Record mantainence of shares trading

This query is : Resolved 
Profile Image

Profile Image

(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
Profile Image

Pradeep Shah

Profile Image

Pradeep Shah (Expert)
17 May 2014 you can maintain records in excel, there is no necessary to do in software.
Profile Image

Nikhil Kaushik

Profile Image

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.
Profile Image

Rupesh Jain

Profile Image

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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
04 May 2026
Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
06 May 2026
Account Assistant / Article Clerk

V.K. Ranjan & Co(Chartered Accountants)

New Delhi

B.Com

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details