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| Discuss Fire your tax related quieries and i would get it solved!!! at the Taxation Matters within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Thank sir for reply to my previous queries. I have a question ,How do maintain ... |
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#401
11th September 2008, 09:56 PM
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Re: Fire your tax related quieries and i would get it solved!!!
Thank sir for reply to my previous queries.
I have a question ,How do maintain books of account in F&O,Intraday.I use reliancemoney to trade.DO the excel report by them considered as book of account?please let me knwo.thanks 
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#402
12th September 2008, 08:53 AM
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Re: Fire your tax related quieries and i would get it solved!!!
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Books of accounts means, Cash Book, Day Book, Ledger....These would be needed to be maintained by an accountant unless you know how to write books.
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#403
12th September 2008, 12:08 PM
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Re: Fire your tax related quieries and i would get it solved!!!
hi,
thanks for reply is it easy enough to maintain books of account,if yes where can i find the resouce to guide on this like any software or book etc. Can i write books of account at end of year.I am salaried and trade in F&O so should i give up F&O on this basis it seems comlex to me.Please guide
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#404
13th September 2008, 09:01 AM
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Re: Fire your tax related quieries and i would get it solved!!!
Quote:
Do you make money in trading in F&O, if yes then there is no point in giving up.... Hire an accountant...he would have the adequate software....give him 5 to 10K and he would write the books for you without any hassel...
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#405
15th September 2008, 09:14 PM
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Re: Fire your tax related quieries and i would get it solved!!!
Thanks much,
I just started to trade in F&O and could make good money. Can book writing be done at end of the year i mean financial year,or what is the interval it should be done.
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#406
16th September 2008, 11:40 AM
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Re: Fire your tax related quieries and i would get it solved!!!
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There is no such compulsion in law....You can write the books after the FY closes...your choice
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#407
16th September 2008, 06:15 PM
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Re: Fire your tax related quieries and i would get it solved!!!
Thank you so much.
Its indeed a great help from you.I wonder if you have any ***** or ***** id and you be available online during trading hours   Thanks so much.
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#409
16th September 2008, 10:10 PM
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Re: Fire your tax related quieries and i would get it solved!!!
hello,
i am a salaried person with income more than 5 lakhs. i day trade in f&o segment and am earning around 2 to 5000 daily. is this income added to the total income and taxed 30%,or it will be separate and taxed at 10%.also total income per year from this is the arithmatic sum of profit and losses or only profits are counted.presently i am filing the tax only on my salary, is it an offence. thanks
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#410
17th September 2008, 09:06 AM
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Re: Fire your tax related quieries and i would get it solved!!!
Quote:
actually this might help someone else also....which is not possible in one to one case.
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