A chartered Accountant is practice has done following act. How should he
treat the said income in his return. Your views are wanted:
He has invested Rs. 107,07,918/- in a share and procured 33,358 Equity
shares from NSE after paying the STT.
The said SHARES he offered in a but back scheme of the company. In said buy
back 20,721 equity shares were bought @ Rs. 406/- resulting a gain of Rs.
17,61,285/- in this process no stt was paid on sale of shares
Balance 12,637 Equity shares were sold in share market @ Rs. 245/- resulting
in a loss of Rs. 9,60,412/- STT has been paid
In whole process he has paid an interest of Rs. 50,000/-
Your views are required to make the computation.
Thanks & Regards
CA Peeyush Aggarwal
B. Com, FCA, CA-ISA
B 132 Anand Vihar
Delhi - 110 092
Tel: +91 11 22164700
+91 11 22164800
Mobile: +91 9312432201
+91 9911662000
Email: [email protected]
Website: www.Indialiaison.Com
Skype: peeyush1965
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