|
|
| Discuss tax on derivatives ? at the Taxation Matters within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Thanks Ashish! Please clarify with a case study. I am currently doing four types of ... |
|
|||||||
| Notices |
| Taxation Matters Taxation issues for investors and traders. |
 |
|
|
Thread Tools |
| Sponsored Links |
|
#11
10th March 2006, 08:10 PM
|
|||
|
|||
Re: tax on derivatives ?
Thanks
 Ashish!Please clarify with a case study. I am currently doing four types of trading,1.Futures 2.Options 3.Delivery 4.Margin(intraday). Eg:- During 2005April-1 -- 2006March-31 period(Is it the financial period?) 1.I purchase Infosys worth Rs.100000 then sells it for 150000. 2.I purchase Infosys worth Rs.100000 then sells it for 105000(Intra day 5% gain). 3.I purchase 1 Nifty future 3000 sells it for 3100.(market lot 100) 4.I purchase 1 Nifty call 3000 premium 25, sells (square off) it for premium 50 ( strik prize + premium is used to calculate brokerage and cotract not also indicate that total amount) what is the total turnover? (The above 4 trades may be repeated several times for profit or loss, but for simplycity and catching the essence i redused it!) If there any confusion please ask me! waiting for your reply! 
|
| Sponsored Links |
|
#12
10th March 2006, 08:59 PM
|
|||
|
|||
|
Re: tax on derivatives ?
Hi aca trader,
one more question please. If I trade in equities in huge quantities in intraday (ie I enter and squareup the position on the same day) how the turnover is calculated for tax purposes? Does it come under capital gains or business income? Thankinng you in advance gvnarendra
|
|
#13
14th March 2006, 09:19 PM
|
|||
|
|||
|
Re: tax on derivatives ?
Quote:
My apologies for the late reply. Was in Nainital enjoying the clouds on weekend. Well, for Intraday trade, for turnover purposes, the same rule as applicable to derivatives trading will apply. As the name itself suggests, one is doing the trading here and not any investment. Hence, profits will be taxable as Business Income and not capital gain. Best Regards, --Ashish
|
|
#14
14th March 2006, 09:35 PM
|
|||
|
|||
|
Re: tax on derivatives ?
Quote:
Thanking you once again gvnarendra
|
|
#15
16th March 2006, 10:58 PM
|
|||
|
|||
|
Re: tax on derivatives ?
Quote:
It's a pleasure that I 'ld answer your quesries after learning a lot much on the forum. Well, It was a week-end trip so the highs were not made simultaneously. Regards,
|
|
#16
19th March 2006, 04:52 AM
|
|||
|
|||
|
Re: tax on derivatives ?
Quote:
1. Infy Position Trade --- Rs. 1,50,000 2. Infy Intraday Trade --- Rs. 5,000 3. NIfty Future --- Rs. 10,000 (100*100) 4. Nifty Call --- Rs. 25 (50-25) per call. Sorry for the delay, it simply missed my eyes. Best Regards, --Ashish
|
|
#18
19th March 2006, 08:59 PM
|
|||
|
|||
|
Re: tax on derivatives ?
Quote:
Best Regards, --Ashish
|
| Sponsored Links |
|
|
|
| Bookmarks |
| Thread Tools | |
|
|
Similar Threads for: tax on derivatives ?
|
||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| F&O...Derivatives | AMITBE | Introductions | 0 | 25th August 2005 07:28 PM |
| Derivatives ? | rajshah | Equities | 9 | 16th May 2005 11:26 AM |
| Derivatives tax | arprtrd | Taxation Matters | 1 | 4th January 2005 11:14 AM |
| commodity derivatives markets | jigi_here | Futures | 1 | 6th September 2004 02:15 PM |
Indemnity, Disclaimer & Disclosure
Notice:
• By visiting Traderji.com you indicate your acceptance of our Forum
Rules Disclaimer & Disclosure and indemnify Traderji.com, its
associates and related parties of all claims howsoever resulting from
the usage of the forum.
• Disclaimer: Trading or investing in stocks & commodities
is a high risk activity. Any action you choose to take in the markets
is totally your own responsibility. Traderji.com will not be liable for
any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information.
• Disclosure: The information in this forum is neither an offer to sell nor solicitation to buy any of the securities mentioned herein.
The writers may or may not be trading in the securities mentioned.
• All names or products mentioned are trademarks or registered trademarks of their respective owners.
General Content Disclaimer Notice:
In light of our policy of encouraging candid, open exchanges of views and the rapid distribution of information originating from many sources, Traderji.com cannot determine the accuracy of information that may be uploaded to the forum. Opinions, advice and all other information expressed by participants in discussions are those of the author. You rely on such information at your own risk. You are urged to seek professional advice for specific, individual situations and not rely solely on advice or opinions given in the discussions. Since Traderji.com is an open and free discussion forum, any comments made by members of this forum in their posts reflect their own views and not of the owner or administrator of Traderji.com. Thus the owner/administrator indemnify themselves of all claims whatsoever and will not be liable or responsible for any members comments/views in this forum Traderji.com. If you find any objectionable or offensive posts made by members of this forum which you would like to bring to our notice for removal then please Contact Us.
