Hi Vartika, if you’ve just added funds and placed a gifting request the same day it won’t be processed since the funds statement balance will be updated on the following day. As a result, the gifting request can only be processed the next day. More here. Reply Swathi says: February...
Given this, it is advisable for clients trading in India to consult a CA while filing income tax returns, as they could potentially be questioned by the income tax authorities during tax scrutiny if the same stock is sold and bought back just to save on the taxes. 5.6 – BTST (ATST) ...
Remember, when we discussed the P&L statement we discussed depreciation. Depreciation is a way of spreading the cost of acquiring the asset over its useful life. The value of the assets depletes over time, as the assets lose their production capacity due to obsolescence and physical wear and ...