Menu
Gross receipts in case of intra day trading of shares
What should be the gross receipts in case of intra day trading of shares? Please advise.
Replies (3)
the amount of shares sold.
Since there is no delivery of stocks, I am taking it as speculative business. The value of total stocks sold during 2015-16 is more than Rs. 2 crores.
it can be taking of speculative business gain, further u can take monthly or quarterly or annually receipt of income from ur broker, in order to know ur profit.
Recent Topic
- SBI direct mutual funds ITR
- 44AE Section
- FEMA compliant structure
- Tax obligation in AY 2026-27
- EFILING ITR2 FROM COMMON FILING UTILITY
- SBI gold bond interest
- PPF Interest Exempt - But what drop down to choose
- Itr2 or itr3 intraday trade 1 loss of 70 paise
- Calculation of IT
- CA FINAL FR IndAS 33 Doubt(Corrected)
Related Topics
CAclubindia
