Home Assessment Shares Business

Shares Business

Share business are not separately dealt by Income Tax Act. But there are quite a few provisions under teh Tax Act which affect the share business.

Futures & Options

Is MCX Futures & Options Trade Speculative or Business Activity?

There is great confusion regarding the nature of Futures & Option (derivative) trades executed through MCX . The confusion has, perhaps, aggravated after the...

CBDT notifies Form 3BB for stock exchanges to detect tax evasion

Online share trading has just got another regulatory dose. This time exercise is for catching unscrupulous share & stock traders who tries...

Confusion regarding securities transaction tax (STT) on speculation loss simplified !

Securities Transaction Tax is now allowable as business expenditure from Assessment Year 2009-10. However, up to Asst year 2008-09 , the rebate is allowable...

Almost complete freeze on demat account transaction if PAN is not given !

The share market scam under which people were opening hundreds of demat accounts in one name and other name without quoting PAN and getting the initial public offers (IPOs) allotment by applying through different names , made SEBI to take tough stand. The share market watchdog issued directive for Know Your Client to Depository Participants under which PAN was required to be authenticated by the demat account holder. If PAN is not given , no shares could be transferred out of such unauthenticated demat accounts.

Is share trading by Investment company speculation ?

Some one asked on this blog on 23/10/06We are an investment company. Our funds are majorly deployed in granting loans and advances(more than 80%)....

Why you need not fill Form 10DB for share transaction?

Form 10 DB was a declaration as proof of securities transaction payments on the purchase or sale of shares and units. Now STT is allowed as business expense u/s 36(1) which is explained in posting titled Deduction of securties transaction tax (STT) from business or capital gains simplified !

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