whether transcation are speculative or not
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 July 2010
1.in bse cash segment transaction are suared up & delivery not received in DEMET a/c whether it is speculative or not.Assesse have metal business income only.
2.for calculating gain or loss in share market, should be consider gain or loss on closin stock share,if yes then what price ( Market price or cost price )is consider for calculating gain or loss on cloing stock of shares
2.for calculating gain or loss in share market, should be consider gain or loss on closin stock share,if yes then what price ( Market price or cost price )is consider for calculating gain or loss on cloing stock of shares
18 July 2010
1. IT IS SPECULATIVE TRANSACTIONS.
2. IN BUSINESS CLOSING STOCK VALUED AT COST AND NRV WHICH IS LESS SO YOU ALSO CONSIDER LOSS IN CLOSING STOCK IF YOU TAKEN SHARES TRADING AS BUSINESS.
2. IN BUSINESS CLOSING STOCK VALUED AT COST AND NRV WHICH IS LESS SO YOU ALSO CONSIDER LOSS IN CLOSING STOCK IF YOU TAKEN SHARES TRADING AS BUSINESS.
18 July 2010
NRV MEANS NET REALIZABLE VALUE (MARKET VALUE LESS EXP.)
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
- Fixe term employment
- Is any professional CA is here please reply
- 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
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Experts need help
- Foreign lottery ticket bought online from India: legality, tax and consequences
- 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
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
