hi,
if someone is trading in shares. how to calculate gain and loss as per income tax..
can we use the statement given by brokers like India bulls .
trading is for 12 lacs per day around .
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capital gain on shares
Replies (3)
You can definitely use those statements. But the methodlogy for calculation of profits will depend on the type of transaction you are doing.
For example: If it is Intra day the method of calculating profit is different than from F&O Trading.
it will also depend on whether you are showing it as Income from Business and Profession or Capital Gains
Please elaborate.
For example: If it is Intra day the method of calculating profit is different than from F&O Trading.
it will also depend on whether you are showing it as Income from Business and Profession or Capital Gains
Please elaborate.
it's only shares . no Futures option trading
If non delivery basis, take the difference of purchase & sales every day and aggregate them, negative to be treated as positive. Thats turnover in intraday trading.
For delivery based trading actual purchase & sales as per the contract note.
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