Any Idea how to start a Trading frim

#1
Hello,

I am Riya. A NRI now in india.

from last two years a trader was managing my over portfolio and giving as a good returns. but the problem is showing those trading statements it was little bit difficult in IT Returns...

so we want to register a company ( a Trading firm) for easy management...

any has the idea pls guide us ....

like RJ is managing he is own portfolio throw (RARE ENTERPRISE) like that

thank you in advance
 

tradedatrend

Well-Known Member
#3
registering or not registering firm won't make any difference, unless you intend to invest/trade the money of other people or unless you intend to get become an active shareholder (read part of management) in some company

search for CAs / Tax filing guys in your locality on google / quickr etc, you will get many..

If you trade cash equity, holing period of less than 1 year shall attract a tax of max 15%, if holding period is above 1 years, tax shall be zero

If you trade F&O, tax shall be maximum 30% (as per standard slab rate)

you shall have to download / get from your broker - P&L statement or Net position statement

Tax filing guys (including CAs) should not charge more than Rs 2000-4000
 

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