dear sir,
It is to be taxed under short term gain, you can opt either section 111A or
under normal section from section 28 to 45.
taxable income will be:
Gain = 1761285
less loss = 960412
800873
less : interest 50000
taxable income 750873
======
With warm whishes for cheer up.
kishor shetty. (C.A.)
Pls Mail me at "[email protected]
On Mon, May 11, 2009 at 10:29 AM, Peeyush <[email protected]> wrote:
> 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 <http://www.indialiaison.com/>
>
> Skype: peeyush1965
>
> DISCLAIMER: This e-mail is confidential and intended only for the use of
> the above named addressee. If you have received this e-mail in error, please
> delete it immediately and notify us by e-mail or telephone.
>
>
>
> >
>
--
Regards
Shanth
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