Day Trading Stocks & Futures

[a1b1trader]

re: Day trading Nifty & Banknifty Futures

then two cases
A) let BR was for jan - march quarter but money deposited in my ac in april
B) let challenge ended in mid april (say from 15 jan- 15 april) and I got BR in april last week.

I understand that you are asking this query for IT point of view.

Now you have modified the query and it spans 2 FYs
In this case you should better consult a CA

But for A, IMO, the profit will be included in previous year profits.
For this I am taking the cue from the bank FD interest as the interest for Jan-Mar quarter, though received in April but accounted for in March

 

[amitrandive]

re: Day trading Nifty & Banknifty Futures

Yes
When we claim brokerage as an expanse from our trading profit
Then any BR will be added to trading profit
.
.
.
.

a1b1trader

I have a doubt , what does FGH stand for ?

Is it Fear , Greed ,Hope ?

 

[Smart_trade]

re: Day trading Nifty & Banknifty Futures

You can maintain your accounts on accrual basis or cash basis. In accruals basis you have to show the brokerage as brokerage refund accrued in previous year and the same will be received in subsequent year. So for taxation it will be in the previous year.

In cash basis you can show it as receipt in the subsequent year if you decide to maintain your accounts on cash basis.

But remember that once you decide a particular basis, you cannot change it in that year.

Smart_trade

 

[a1b1trader]

re: Day trading Nifty & Banknifty Futures

a1b1trader

I have a doubt , what does FGH stand for ?

Is it Fear , Greed ,Hope ?

Yes, you are right

 

[Somatung]

re: Day trading Nifty & Banknifty Futures

open NEW THREAD related to world cup soccer , you football fans :annoyed:

Your wish came true

http://www.traderji.com/general-chit-chat/94309-soccer-world-cup-2014-a.html#post975265

:clap:

 

[TraderRavi]

re: Day trading Nifty & Banknifty Futures

Your wish came true

http://www.traderji.com/general-chit-chat/94309-soccer-world-cup-2014-a.html#post975265

:clap:

now that angry kid may become happy , as he can post in your thread

 

[Somatung]

re: Day trading Nifty & Banknifty Futures

now that angry kid may become happy , as he can post in your thread

Nobody is angry, just fans. Either cricket or soccer or trading or all of it. By the way: Make your vote in the thread about who may win the game At least my vote you easily can find out . Thank you and enjoy the weekend.

 

[timepass]

re: Day trading Nifty & Banknifty Futures

Your wish came true

http://www.traderji.com/general-chit-chat/94309-soccer-world-cup-2014-a.html#post975265

:clap:

I wish for a billion rupees in my bank account, without having to work for it. Please make my wish come true too

 

[TradeJoker]

re: Day trading Nifty & Banknifty Futures

I wish for a billion rupees in my bank account, without having to work for it. Please make my wish come true too

follow sexxxyyyy

http://www.traderji.com/equities/72831-how-invest-40-lakhs-equity-fno-commodities-etc-part-2-a.html

 

[Somatung]

re: Day trading Nifty & Banknifty Futures

I wish for a billion rupees in my bank account, without having to work for it. Please make my wish come true too

Well, I just had a call with TraderRavi and he told me that this would not be a problem for him to make your wish come true under normal circumstances. But that money at the moment is blocked for margins for his ongoing trades and so he not can take it out to give it to you.