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Tax Planning

Tax planning 1426 views 8 replies
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CA
42 Points Posted on 08 January 2008
If an assessee has more than 2 crore profits from derivatives then where should i account this income either under PGBP or in Capital gains ?
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On 08 January 2008 at 18:29 Report
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460480 Points Posted on 08 January 2008
I want to know about tax planning of Micro-Finance Company(Sec.25 s per Company Act.).
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On 08 January 2008 at 18:54
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Finance Controller CA. CS. CFA. CIFRS.
9017 Points Posted on 08 January 2008
Hi Ruchi Deriviatives is not considered as Capital Gain income. Income from derivatives will be called income from business and previously it was speculative income.(as per section 43(5))
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On 08 January 2008 at 19:12
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Finance Controller CA. CS. CFA. CIFRS.
9017 Points Posted on 08 January 2008
dada no one will give you tax planning in the open forum because for tax planning you need to know lots of thing . So its my advice if its work related take a proper advice from ca in practice or if its just for knowldege than its fine
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On 08 January 2008 at 19:14
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PRACTISING CA
4283 Points Posted on 08 January 2008
Amit is correct.
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On 08 January 2008 at 19:24
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Finance Controller CA. CS. CFA. CIFRS.
9017 Points Posted on 08 January 2008
Thanks Chaitanya
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On 08 January 2008 at 19:35
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article
2677 Points Posted on 09 January 2008
What Mr.Amit Daga said is 100% correct all these things sholud not be disclosed
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On 09 January 2008 at 09:31
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CA
42 Points Posted on 09 January 2008
Thanks Amit in which head this will include i want to know now its fine
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On 09 January 2008 at 21:24
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Finance Controller CA. CS. CFA. CIFRS.
9017 Points Posted on 18 January 2008
Ruchi you will included in the head of pgbp
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On 18 January 2008 at 21:34


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