Trading share account
This query is : Resolved
25 October 2017
DEAR SIR,
I HAVE OPEN MY SHARE TRADING ACCOUNT WITH IIFL AND NOW HOW CAN I SHOW THIS IN MY INCOME TAX
MY HRA ASKING ME TO GIVE DETAIL OF ALL INEVTMENT SO THAT AS PER THIS THEY CUT TAX FROM MY SALARY
HOW WE GET LOSS AND PROFIT OF THIS ACCOUNTS AND HOW WE SHOW IN ITR
K GARG
I HAVE OPEN MY SHARE TRADING ACCOUNT WITH IIFL AND NOW HOW CAN I SHOW THIS IN MY INCOME TAX
MY HRA ASKING ME TO GIVE DETAIL OF ALL INEVTMENT SO THAT AS PER THIS THEY CUT TAX FROM MY SALARY
HOW WE GET LOSS AND PROFIT OF THIS ACCOUNTS AND HOW WE SHOW IN ITR
K GARG
25 October 2017
No need to show the Demat account in details in your ITR or Form 16 declaration
25 October 2017
No tax will be deducted on the basis of Investment details in Demat account. Taxability arises only when you sell the investments
26 October 2017
but i am daily basis purcahse and sell the share so at the end of march 31.03.2017 how to calculate profit or loss
then we had to show profit or loss in ITR or not
pl confirm
then we had to show profit or loss in ITR or not
pl confirm
27 October 2017
Yes, in that case it is a business income of speculative nature
21 November 2017
Dear sir,
on July-2017 month I had started purchasing share in my demat account and total i had deposit RS 20000.
And I am doing daily buying and selling intra day and on delivery basis and now my Total current value of share is Rs 20000 and balance Amount Rs.5000 that means I had Earn 5000 .
So, That Amount I have to show in my ITR as income from other sources or not.
If yes then similarly I will Calculated upto 31.03.2017 and show in my ITR or any other option for this calculation please advice...
I am salariered person and taken loan from my brother and paying interest on that loan.and i have some income of interest in my investment.
please suggest.
KG
on July-2017 month I had started purchasing share in my demat account and total i had deposit RS 20000.
And I am doing daily buying and selling intra day and on delivery basis and now my Total current value of share is Rs 20000 and balance Amount Rs.5000 that means I had Earn 5000 .
So, That Amount I have to show in my ITR as income from other sources or not.
If yes then similarly I will Calculated upto 31.03.2017 and show in my ITR or any other option for this calculation please advice...
I am salariered person and taken loan from my brother and paying interest on that loan.and i have some income of interest in my investment.
please suggest.
KG
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
- STCG....................................................
- Supply through E-commerce Operators
- Sales return eway bill
- TAN for Partnership
- Relief u/s Section 89
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- E way bill for tractors
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- Taxation on LTCG for property sold after 24JUL2024
- TDS related Query_Liquidated Damages
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
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
