Sole proprietorship
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 November 2012
hi i am a full time day trader . i want to establish a sole proprietorship on my name as i trade on my name and for myself . i know that no license is required for this . to open a current a/c i need to have a registration certificate , license , company seal etc . so how can i go about sole proprietorship . throw some light on income tax filings as i buy and sell derivatives futures and options on the same day as well . do they come under speculative income or business income .
27 November 2012
Explanation to Section 43(5) provides that transactions in derivatives shall NOT be treated as speculative transactions if they are conducted through a stock exchange on real time systems.
Accordingly, the same shall be treated as normal business income.
Accordingly, the same shall be treated as normal business income.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- Section 50-fixed asset-->building ceases to exist
- Reprocessing of rectification order AY 2025-26
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Putting a heading on received mail
- Gift Received from nonblood relative
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Regime change
- Consolidated financials
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
