Is this right to show purchase a nifty stock in purchase and purchase share of a company in investment?
tell me.................................................please
Menu
Investment company relaed
Replies (1)
Yes You can show lyk this..
Nifty: When You show it as stock it will be Chargeable to Tax under PGBP income.
Shares of a Company: You can show it as Investment. It will be chargeable to tax as CG income.
Further if the volume of purchase and sale is high then only it is advisable to show the scriptt as stock in Business. Otherwise A.O. may take ur File for Scruitny.
Recent Threads
- Income Tax filing returns
- What is the current situation of the global vegeta
- Pan Card - Change of record
- IND AS 116 / IFRS 16: The standard that changed th
- Closure of first level step down subsidiary in Mau
- E way bill for rejected and re sold goods.
- Supporting Documents Required for GST Notice on Cr
- Exporting USA made goods from India Back - Applica
- Foreign Dividend earn
- TDS on Salary deducted but not paid by the employe
Related Threads
CAclubindia
