Can You Explain Dividend & Bonus Stripping ?

""Can you please explain the concept of tax planning by dividend stripping? asks  G.V.Krishna Mohan. The dividend stripping is nothing but getting tax free income in...

What Is The Basis For Determining Turnover In Case Of Speculation?

If a person is engaged in share trading and turnover of delivery based buying & selling is less than 40 lacs but speculation business...

Does SIP Help In Saving Tax?

This is a question on taxation related to SIP on Mutual Funds. As I understand, capital gains on equity-oriented mutual funds are not taxable...

Future & Option Loss Can Be Adjusted With Capital Gains!

I have questions about Capital Gains tax...1) I have suffered some losses in Futures and Options , can I submit that losses with my...

How to Compute Turnover In Case Of Future & Options Trades?

The computation of turnover is important under Income Tax Act because that determines whether tax audit or fling of return through e-return is required.Further...

Hedging Loss is Buisness Loss , not Speculation Loss!

Can a loss from hedging of commodities be set off against normal profit of a related commodity merchant? agrawalneeraj@sify.comYes, there is express provision...

Day Trading Loss May Not be Adjusted with Short Term Capital Gain or Business...

daga.akshay@gmail.com Asked how is income from day trading in shares taxed? Is it added with the total income of the assessee and...

Capital Gains on Shares or Mutual fund units taxable ? What you say ,...

Yes , you rightly heard . Not all long term capital gain on sale Of equity shares or units of mutual funds are tax...

Securities Transaction Cost not allowed?

Yes ,that STT (Securities Transaction Cost) is not allowed to be taken as cost of acquisition of the shares or purchase for computing capital...

Sir, I am regular speculator in NSE & BSE . I want to know...

Someone Asked on This blogYes its business income from FY 2005-06 as per Section 43(5) of the I T Act.The computation of P &...