Budget 2008 related questions

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  #1  
Old 1st March 2008, 02:20 PM
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Default Budget 2008 related questions



Hi
No idea about taxation matters hence a few queries
1.When will the new personal IT slab be effective from i.e ending Mar2008 will i paytaxes according to new slab or it will effect my income from apr08 to Mar09?
2. Reagrding short term capital gains, is this tax applicable to commodities too , someone told me that short term trading in commodities is not considered speculative & hence not under this tax?
Thans in advance
Naveen
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  #2  
Old 1st March 2008, 02:48 PM
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Default Re: Budget 2008 related questions

From this year, don't show STG in your accounts, keep money with your Broker
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  #3  
Old 1st March 2008, 03:21 PM
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Default Re: Budget 2008 related questions

Quote:
Originally Posted by wc2007 View Post
From this year, don't show STG in your accounts, keep money with your Broker
If i am not mistaken , You mean to say the New slab will be applicable for income from Apr 07 to Mar 08 when i file my return in April this year.
Correct me if wrong
thanx
naveen
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  #4  
Old 1st March 2008, 03:30 PM
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Default Re: Budget 2008 related questions

You r a genius
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  #5  
Old 6th March 2008, 11:33 PM
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Default Re: Budget 2008 related questions

hello naveen
the new slab will be applicable to the income earned during the period 01.04.8 to 31.03.09. for which u will file ITR in A.Y.2008-09 and for tax deduction purpose in F.y. 2008-09
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  #6  
Old 6th March 2008, 11:35 PM
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Default Re: Budget 2008 related questions

sorry A.Y.2009-2010
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  #7  
Old 7th March 2008, 11:44 AM
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Default Re: Budget 2008 related questions

Thanks Kumar fro clearly replying
Good Trading
Naveen
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