Trading as Business

V

vikaspanwar

Member
#1
#1
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 compliances,taxes etc in each case.
Thanks & regards,
Vikas Panwar
 
SwingKing

SwingKing

Well-Known Member
#2
#2
vikaspanwar said:
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 compliances,taxes etc in each case.
Thanks & regards,
Vikas Panwar
Click to expand...
I don't know much about the legal compliances and stuff.

But trading as a business is not easy nor is it impossible. Can you do that ?? Well, wait for few months and the market itself will answer that question to you. If you think you have the willingness to learn, the smartness to adapt and the honesty to acknowledge (and rectify) your mistakes, then you will definitely be successful. But all of this takes time.

Tc.
 
V

vikaspanwar

Member
#3
#3
Thanks
Raunak,
I have made up my mind, offcourse Remembering the Learnings, is the main thing, as in any other business. But It's a business and just like any other business, Well every business has its own sphere, rules, psychology.
Thanks one more time.
Vikas Panwar
 
SwingKing

SwingKing

Well-Known Member
#4
#4
vikaspanwar said:
Thanks
Raunak,
I have made up my mind, offcourse Remembering the Learnings, is the main thing, as in any other business. But It's a business and just like any other business, Well every business has its own sphere, rules, psychology.
Thanks one more time.
Vikas Panwar
Click to expand...
Great then. Wish you all the success. Let me know if you require any sort of help.

Tc.
 
R

rajputz

Well-Known Member
#5
#5
:clap: I am also thinking the same and preparing my self for the same path...will go hand in hand with you....if i have any thing in my mind then will surely ask here... :thumb:

Hi raunak...the problem i am facing is that whenever i feel confident about myself prepared for investing professionally, i go through some new book(i like reading and learning on stock market alot) i think that i should wait for another 4 months and master this technique...this method...this i should know...it has been 8 months....now again postponed for another 4 mnths....
 
V

vikaspanwar

Member
#6
#6
Well to every body,

Can anyone explain me ...
TAXES for a Full Time Trader.
and the Deductions, which he can make from trading income.
OR what are expenditures can be deduct from the income (Internet, magazine, Software Charges, Computer and electricity, rent etc.) on each case. and how much will be the tax.
If possible please explain wby taking an example of ...
Starting Cap 100000
Income from FO 10000
Income from Short term Trading 10000
Expenses as
TV/News 1000
Internet 1000
Software 1000
Others (Magazine/electricity) 1000

Thanks to all in advance.

Vikas Panwar
 
T

trader.trends

Well-Known Member
#7
#7
vikaspanwar said:
Well to every body,

Can anyone explain me ...
TAXES for a Full Time Trader.
and the Deductions, which he can make from trading income.
OR what are expenditures can be deduct from the income (Internet, magazine, Software Charges, Computer and electricity, rent etc.) on each case. and how much will be the tax.
If possible please explain wby taking an example of ...
Starting Cap 100000
Income from FO 10000
Income from Short term Trading 10000
Expenses as
TV/News 1000
Internet 1000
Software 1000
Others (Magazine/electricity) 1000

Thanks to all in advance.

Vikas Panwar
Click to expand...
Post it in Diosys' thread. He is the resident tax expert on TJ.
 
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