General Trading Chat

[ROCKSTAR55]

@Wisp, what is the hunch system? Never heard about it from st sir?

 

[TradeJoker]

bro, do you consider trading gambling? If yes, how come you are still trading?

Bro, if it's a business, it should be correctly defined, na ?

 

[TradeJoker]

Any news on gst?

 

[saakk]

Any news on gst?

http://economictimes.indiatimes.com...way-india-does-business/liveblog/53516063.cms

 

[wisp]

Bro, if it's a business, it should be correctly defined, na ?

my question is to you though, cos I often see you refering to trading as gambling. so...why are you gambling then?

 

[XRAY27]

I've a doubt, if fno trading is considered as a business income, why the loss is not allowed to carry forwarded to other business? It's still categorised in horse race and lottery? Read, Exceptions of inter source adjustment.

In your case, loss from F&O transactions is eligible to be set off against income from other sources, i.e., interest income, to the extent of income available. Also, loss from F&O transaction is not eligible to be set off against salary income as inter-head adjustment. Excess amount of F&O loss, i.e., excess over the income from other sources, is eligible to be carried forward and set off against income assessable under the same head, i.e., income from business or profession only (whether speculative or non-speculative).
,Hope this clears your doubt !!!

 

[Prataap_2013]

GST discussion is for 5 hours today.

 

[TradeJoker]

my question is to you though, cos I often see you refering to trading as gambling. so...why are you gambling then?

Paisa paisa

 

[timepass]

AIADMK opposing the GST bill.

 

[wisp]

Paisa paisa

so are you saying you are a winning gambler or that it is gambling for others, but for you it is professional?