Newcomers to the trading world don’t always know how to include gains and losses in their income tax calculations. It is even more difficult to report gains from intraday trading as they are not considered as capital gains. As a result, many taxpayers are fined for submitting the wrong income tax returns (ITR) form. Some are also fined for reporting under a wrong head. Let’s look at how exactly you should report your gains or losses from intraday trading in the ITR.
All about intraday trading
A trading transaction completed within the period of a single business day is known as intraday trading. Here, the trader holds no positions at the close of the day. Instead, they try to profit from the price variations of a stock during one business day. To become a day trader, you will need to open a trading account with a reliable broker like Kotak Securities.
Income head for incorporating intraday trading gains
Gains from intraday trading do not meet the minimum holding period of one day to qualify as capital gains. These gains are listed under business income and taxed as per the investor’s tax slab.
Such gains may also be classified as speculative income because there is no delivery of shares. The shares purchased in the morning are sold off by the evening.
Advantages and disadvantages of speculative income
Speculative income is filed under income from business. Any profit is added to the total tax payable by the individual in keeping with the … Read More
Dubai is a huge market that offers great profit margins to its investors. In the last few years, dubai has made a space in the world financial circle. It is not only the financial capital of the middle east but it is also a melting pot of different cultures and traditions. People from different nationalities are setting up their businesses and taking part in the economies growth. As an aspiring businessman, do you really need a consultant to set up business in dubai?
The answer is yes, business setup in dubai needs some legal requirements that you need to fulfill before starting. No doubt investors are flocking towards dubai because of its amazing infrastructure and business-friendly policies. Foreign investment is the bread and butter of this emirate economy so the government has made laws that make the process of doing business super easy. One more benefit to hiring business consultants in dubai is the updated information regarding new laws and regulations that can impact the business. These consultants can also give you the right advice about the business that you are planning to do in dubai.
Free Trade Zones
Free zones are the areas where businessmen can set up their business and get various benefits like 100% ownership of their company. Any business registered under free zone doesn’t have to pay corporate tax at all and customers also trust these companies a lot when it comes to doing business with them. Companies are also exempted from import and export duties … Read More
In 2019, technology is still king, so your business needs an IT infrastructure that meets your needs and the needs of your customers. This includes a website compatible with various devices that is complete with a secure payment platform and software that helps you to keep customer records and financials organised and up to date.
2. A high-quality communication system
Communication with customers is vital. You will need a dedicated phone line for customers to call that is open 24/7, if possible. Opting for a hosted VoIP system makes sense, as this offers flexibility and expansion capabilities and does not need significant initial investment in hardware. These systems are also very reliable. 3. A social media presence
A Facebook and Twitter presence and a presence on business platforms such as Yell and LinkedIn are key in today’s world.
Offering higher returns on investment, equity investments are perfect for investors willing to work with some amount of risk to net good financial gains.
When it comes to investments, fundamental logic dictates that the money you park in any option must fetch you good returns, depending on the maturity frame of that option. In terms of high growth investments, you need look no further than equity securities. However, most investors shy away from equity investments because they fear losing their money – equity funds carry more risk than debt funds.
Are you wondering if you should make an equity investment? The following factors should help you make the right decision:
* Certainly, there is an element of risk, but there is also higher growth.
Top-rated long-term investments in equity are the most preferred investment options for both risk averse and high-risk investors today. They offer a comprehensive exposure to a wide range of well performing stocks in India. The long-term equity investment invests your money in different options, while the long investment horizon irons out the element of risk to an appreciable degree. Thus, you get the benefit of high growth and also diversification.
* How much you invest depends on you.
There is really no compulsion to park large sums of money in equity investments. You have the freedom to invest only as much as you want to, which gives you the liberty to spread your money over different investment schemes as well. You can invest using an SIP … Read More
There are many frameworks available for web application development. But among them, Angular is considered to be robust and dynamic in nature and best suited for creating dynamic applications. This is an open source framework. Google backs this framework, and it is mainly popular for development of SPA or single page applications.
Angular offers 2 main features due to which it is mainly used for the development of dynamic apps. Those are dependency injection and binding. Due to these features, it is possible to reduce the amount of code to be written for an application. So, it is possible to save a lot of time and cost needed for the development and maintenance.
Zeolearn offers a course in Angular which aims to give complete knowledge of the Angular framework. After the completion of this course, students will be able to develop SPA applications efficiently. This can bring faster ROI to the businesses they are working in due to a lower expense on maintenance and development. Angular applications can also help in providing faster accessibility.