set of the losses
This query is : Resolved
Rajan Kapoor
(Querist)
29 January 2008
Trades without STT (overseas):
A. Gains from overseas stocks sale (long term: more than 1 year
holding) = 1,00,000
B. Capital Gains from overseas stock options (Same day purchase and
sell) = 1,00,000
C. Difference in vesting day price and allotment price for options
in B above = 1,00,000
D. FBT paid on the stock options to the employer = 33,900
E. Total profit in overseas stock options (B + C - D) = 1,66,100
F. Speculative gains (losses) in overseas market (Futures and
options) = (1,50,000)
Trades with STT:
G. Short term gains (losses) in domestic exchange = 50,000
H. Speculative gains (losses) in domestic exchange (Futures and
options) = (3,00,000)
Other income:
I. Income from bank deposits = 50,000
J. Salary income = 5,00,000
Queries:
What is the best way to offset the above losses with gains to
minimize tax implications?
Can overseas stock options gains be offset against domestic market
speculative losses?
Can overseas speculative losses be offset against salary or interest
income?
A. Gains from overseas stocks sale (long term: more than 1 year
holding) = 1,00,000
B. Capital Gains from overseas stock options (Same day purchase and
sell) = 1,00,000
C. Difference in vesting day price and allotment price for options
in B above = 1,00,000
D. FBT paid on the stock options to the employer = 33,900
E. Total profit in overseas stock options (B + C - D) = 1,66,100
F. Speculative gains (losses) in overseas market (Futures and
options) = (1,50,000)
Trades with STT:
G. Short term gains (losses) in domestic exchange = 50,000
H. Speculative gains (losses) in domestic exchange (Futures and
options) = (3,00,000)
Other income:
I. Income from bank deposits = 50,000
J. Salary income = 5,00,000
Queries:
What is the best way to offset the above losses with gains to
minimize tax implications?
Can overseas stock options gains be offset against domestic market
speculative losses?
Can overseas speculative losses be offset against salary or interest
income?
Rajan Kapoor
(Querist)
30 January 2008
Trades without STT (overseas):
A. Gains from overseas stocks sale (long term: more than 1 year
holding) = 1,00,000
B. Capital Gains from overseas stock options (Same day purchase and
sell) = 1,00,000
C. Difference in vesting day price and allotment price for options
in B above = 1,00,000
D. FBT paid on the stock options to the employer = 33,900
E. Total profit in overseas stock options (B + C - D) = 1,66,100
F. Speculative gains (losses) in overseas market (Futures and
options) = (1,50,000)
Trades with STT:
G. Short term gains (losses) in domestic exchange = 50,000
H. Speculative gains (losses) in domestic exchange (Futures and
options) = (3,00,000)
Other income:
I. Income from bank deposits = 50,000
J. Salary income = 5,00,000
Queries:
What is the best way to offset the above losses with gains to
minimize tax implications?
Can overseas stock options gains be offset against domestic market
speculative losses?
Can overseas speculative losses be offset against salary or interest
income?
your earlier response will be highly appreciated
A. Gains from overseas stocks sale (long term: more than 1 year
holding) = 1,00,000
B. Capital Gains from overseas stock options (Same day purchase and
sell) = 1,00,000
C. Difference in vesting day price and allotment price for options
in B above = 1,00,000
D. FBT paid on the stock options to the employer = 33,900
E. Total profit in overseas stock options (B + C - D) = 1,66,100
F. Speculative gains (losses) in overseas market (Futures and
options) = (1,50,000)
Trades with STT:
G. Short term gains (losses) in domestic exchange = 50,000
H. Speculative gains (losses) in domestic exchange (Futures and
options) = (3,00,000)
Other income:
I. Income from bank deposits = 50,000
J. Salary income = 5,00,000
Queries:
What is the best way to offset the above losses with gains to
minimize tax implications?
Can overseas stock options gains be offset against domestic market
speculative losses?
Can overseas speculative losses be offset against salary or interest
income?
your earlier response will be highly appreciated
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