income tax

  1. I

    How to show meal and conveyance exemption in salary part?

    Hello members, In the salary part of ITR, this year it is asking for specific details for exempt income under section 10. However the drop down does not have meal allowance and conveyance allowance? Under which head can I show the same as exempt income? Meal allowance 13200 and conveyance of 19200?
  2. K

    Capital gains query: bonus from MF to be included in cost?

    Suppose, we have the following ledger for a mutual fund (liquid fund) MAR 1, 2013: Bought 100 units for 10Rs/unit. Total = 1000Rs Mar 23,2013: Bonus of 10 units given by AMC at 10Rs/unit. Total value = 100Rs Apr 30,2013: Sold 110 units at 8.2Rs/unit. Total = 900Rs Should the bonus amount be...
  3. C

    Trading, Earning and Taxation

    Hi there. I have just today joined this blog. I am a retired Software Professional. I am also interested in stock market. Recent past I had developed a good relationship with a stock broker of a good broking house. On his advices, I had traded in futures and option market quite a lot. This...
  4. C

    Calculation of commisions & taxes

    Hello Seniors, Here is another novice question Terms given For Intra-day Trades :- 0.1% on the buy side and 0.1% on the sell side. This is subject to a minimum brokerage of 5 paise per share. This means that if the share price you trade in is Rs 50/- or less, a minimum brokerage of 5...
  5. D

    Taxation for income from forex..

    Hi forex experts... can anyone tell me, the taxation details for income from forex trading via online forex trading platforms? how should we mention the income on our IT returns? Will it be treated as short term capital gains? or as bussiness income? Thanx in advance.