Day Trading Stocks & Futures

[john302928]

Gift from immediate relatives is not taxable. You need not show. But keep all records. In case there is any query in future from the department, provide them a copy of the evidence.

oh ok thanks a lot. we missed to show last year. but we made all the gift transactions only online. so record is there.
During FY18-19, father gave cash to mother. I mean as cash. no online transaction. can i also not show it in the ITR while filing or this year it is mandatory to show the gifts? please help. thanks

 

[vikas2131]

He meant directionally buying call/puts

In that case, yes always.

 

[sridhga]

oh ok thanks a lot. we missed to show last year. but we made all the gift transactions only online. so record is there.
During FY18-19, father gave cash to mother. I mean as cash. no online transaction. can i also not show it in the ITR while filing or this year it is mandatory to show the gifts? please help. thanks

Gift between husband and wife or parents and children or between siblings is not taxable at all. You need not even show them in the return.
Even outside of tax world do you really think money transferred between husband and wife is a gift?

 

[john302928]

Gift between husband and wife or parents and children or between siblings is not taxable at all. You need not even show them in the return.
Even outside of tax world do you really think money transferred between husband and wife is a gift?

Logically its not a gift. I completely understand what you are saying and i agree with you. But gift is the term used by Incometax laws. what can we do? so we dont need to show them in the ITR but while preparing balance sheet we can just mention the details of gift and keep it with us. right? thanks

 

[manny.here]

Gift between husband and wife or parents and children or between siblings is not taxable at all. You need not even show them in the return.
Even outside of tax world do you really think money transferred between husband and wife is a gift?

Its a demand which if not met husband has to manage with Maggie if allowed to stay at home. Forget about tax men even our PM cant do anything about it.

 

[nil.nik.9777]

Got few points in Indigo, Tata Elxi shorts.
Got Indigo 1300 PE out of profit will exit in 1-2 days with ok ok move.

Exited Indigo puts in loss. Ate half of the day profit.

 

[against_tides]

He meant directionally buying call/puts

hahaha...

 

[nil.nik.9777]

Its a demand which if not met husband has to manage with Maggie if allowed to stay at home. Forget about tax men even our PM cant do anything about it.

Looks like your Experience talks.

 

[manny.here]

out of curiosity, do all swing traders get their signals at the same time? because if the method is similar then the prices also should be

are you carrying your calls for tomorrow

 

[sridhga]

Its a demand which if not met husband has to manage with Maggie if allowed to stay at home. Forget about tax men even our PM cant do anything about it.

PM cannot do because he does not seem to have experience on the subject