tax

Hi, I want to transfer all the shares and mutual funds from my old icici demat account to the new sharekhan account. I know there is option to transfer shares but i have tax saving mutual fund with lockin period. Is it possible to transfer the tax saving and normal equity mutual fund to...

Hi friends, pls let me know iam trading in nifty & stock futures, and my annual turnover in this FY will be more than 40 lakhs , should i have to file Tax Audit or normal tax return wih profit/loss will be ok.

Hi All, I'm new to trading. I did make some money trading NIFTY. (Options & Futures). I lost some as well. Net I'm in profit for this financial year. Can someone tell me how to calculate the Capital Gains from FNO. Can I rewite the losses against the gains? Which form should be filled...

If anybody is having the specimen copy of filled ITR4 form or details of filling ITR-4. Please upload to help the people file their return. For a salaried person having P/L from short term trading (Avg. 4-10 days holding period, so treated as business as per my knowledge), speculative P/L...

Hi, I am trying to fill the ITR 4 excel macro file from GOI site and have following queries related to it: 1. Where should i put the losses incurred from F&O transactions (INR -53000) in schedule BP (computation of business income) of ITR form so that it gets reflected in schedule CFL...

I purchase some shares in Stock Exchange & sold it. In that transaction I have some profit after deducting brokerage on purchase & sale as well as STT. I attracts @ 20% flat rate tax. My question is what are the deductions to be allowed?

Hello, I need some urgent tax planning advice. I could not invest much all year round in any of the regular investment instruments because of various reasons. However, now I have to show investment proofs for the financial year. I have checked all my options and I think that ELSS would...

Dear Members, I would like to start 'stock trading' as a business, either independently or by making my own fund (may be Hedge fund) to invest in Capital market (Cash & Derivatives). Can you suggest, whether working as independent trader or as LLP, would be better. And what would be the legal...

I would like to know in details how is Tax calculated on, 1. Intraday trades 2. Short Term Trades (where delivery is taken & sold off in few days) Pl guide

Hi, I am a retired person and my only source of income through trading in Options. Can somebody tell me Which ITR form, I will have to use for filing income tax returns? And under what head I should be showing my income? Business or Income from other sources? Thanks in advance

Hello Seniors, Here is another novice question Terms given For Intra-day Trades :- 0.1% on the buy side and 0.1% on the sell side. This is subject to a minimum brokerage of 5 paise per share. This means that if the share price you trade in is Rs 50/- or less, a minimum brokerage of 5...

Hi All, I have a couple of fundamental questions on MF. Pls help me in understanding these better: 1. If I buy a MF today (not a ULIP, not ELSS but a pure MF), can I sell it tomorrow? Though it may not make sense logically but is it possible technically? 2. How much tax will I be...

I came across this: Shweta: I send a sizeable amount of money home every month. Can I claim my parents as my dependents? My dad is self-employed. Shanbhag: Whether your parents are dependents or not, the money sent to your parents is tax-free for you as well as your parents. taken this...

Hi all.... I thought a lot of our traderji members would be having taxing issues...Hence i am launching this thread for people who wish to seek some advice on issues pertaining to Income Tax or Service Tax.... I would try to solve them to the best of my ability and knowledge.... See Ya...