General Trading Chat

[Snake.Head]

First part cash goes to speculation income provided it is trading (intra) or else covered under short term capital gains and derivative segment is covered under business income..

@XRAY27 If i am not wrong Intraday cash trading can be covered under business income. If we want to show it has business income

This passed this year
http://economictimes.indiatimes.com...income-or-investment/articleshow/51226624.cms

If we go by above article then we can file Intraday trading income has business income.

 

[XRAY27]

@XRAY27 If i am not wrong Intraday cash trading can be covered under business income. If we want to show it has business income

This passed this year
http://economictimes.indiatimes.com...income-or-investment/articleshow/51226624.cms

If we go by above article then we can file Intraday trading income has business income.

yes !!! This part of treatment is left to assessee it self as per basic Act , but department used to litigate this from past many years !!! now with the judgment it is clear from this assessment year !!!

many points of difference is it is your option to treat it as business income or not ,but profit under f and o is comes under business income due to inclusion of it in 44AD

 

[ap*]

Seems like we are looking at a flat to slightly down open on nifty. Friday's bank results should show on the markets today. Wonder where bank of baroda is going to open today after their poor results.

 

[timepass]

Banknifty spot once again has open = high = 16744.15

 

[timepass]

Banknifty spot once again has open = high = 16744.15

But the ATP is falling fast and is quite near the LOD, is it a rising bottom ?

 

[mudraatrader]

NF 7860 de do baba ji
abhi 7833 hai

 

[mudraatrader]

BNF 16725 de do baba ji
abhi 16666 hai

 

[ap*]

All eyes on nifty spot breaking 7777. Breaking it and staying below should bring us to an interesting place. As of now 7780 spot is being protected well. I think post Europe opening we should test the lows again. Oi says drop on its way.

 

[timepass]

What's with Ztrader guys ? Are the quotes updating ok ?? (not asking about Pi or Kite)

 

[mudraatrader]

What's with Ztrader guys ? Are the quotes updating ok ?? (not asking about Pi or Kite)

yeah, quotes in ZT are streaming ok