banner_ad

sec.145 & 73

This query is : Resolved 
Profile Image

Profile Image

(Querist)
04 February 2009 ear sir/madam,

A company is purchasing & selling regularly shares of listed company. The company is in construction business. My Query is:

1) How to value closing stock of shares? whether AS-2 would be applicable? whether the provision for loss would be made on individual basis or on aggregate basis?

2) Whether the profit/loss on sale of shares should be taxable under the head capital gains or speculative gain as provided u/s 73?

thanks
arjun
Profile Image

Jitender

Profile Image

Jitender (Expert)
04 February 2009 1) as-2 is not applicable for valuation.
2) it will be speculation income.
Profile Image

vipin

Profile Image

vipin (Expert)
06 February 2009 it will be speculation income/loss it doesnot amount to investment for capital gain/loss

rds

cavipin garg
partner,
KVR & Co.
Chartered Accountants
B-2/1 Ashish Complex LSC,
New Rajdhani Enclave,
Vikas Marg Delhi-110092
kvrco@in.com
Tax, Assurance, Consultancy, ROC, STPI/ SEZ

Tel :011-22515695
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


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
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
05 May 2026
Accountant

Sanjay K Pathak & Associates

Noida

Graduate (Any)

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
ARTICLESHIP 27 April 2026
CA Articled Assistant

GM Corporate Solutions

Noida

CA Final

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details