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derivatives doubt

CA Sandeep Kumar (Audit Assistant) (804 Points)

23 December 2010  

 

Hello members

 One of my relative is trading in derivatives and i managed to get statements from them. There are two statements, one is ''Client wise global net position (Cash cumulatives)'' and ''Client wise global net position (derivative cumulatives)''. The statement consists of items of purchase and sale. I wanted to know more details as to what the statement is all about, and profit/loss as indicated in the statement, will it be taxed. Or is there any other adjustment to be made?? 

Have posted the same query in income tax category also.. 

PLease reply..


 1 Replies

Ramalingam K (Founder & Director - Holistic Investment Planners (P) Limited)   (21077 Points)
Replied 12 May 2014

Principles and Decision-making for wealth creation

 

Whenever people have surplus money, they want to invest. When they invest, they just want to act or execute. They don’t want to spend time on understanding the product and various investment strategies. They would like to take investment decisions without doing any homework. There is no plan of action. Their attitude is “I have surplus money; just tell me where to invest”.

 

https://www.holisticinvestment.in/wealth-management-principle

 

 

Regards

 

Ramalingam K, MBA, CFP,

Director and Chief Financial Planner,

Holistic Investment Planners

“Best Performing Financial Advisor Award” Winners from CNBC TV18

www.holisticinvestment.in

 

(Follow us on)

https://www.facebook.com/holisticinvestmentplanners


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