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invest share using in my wife demat
by sanjay vyas on May 24, 2009 02:02 PM  Permalink 

Suppose I purchase 100000rs share using my wife[house wife]'s demat account. by selling this share we got rs30000 profit.
I want to know that this income from share in wife demat acount will be considered as my income or my wife income ?Who has to pay tax?
Can i show income of my wife ?
Can I invest share using in my wife demat account for save tax?



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Set-off of loss in derivatives with short term capital gains
by boga.gangadhar@rediffmail.com on Jan 20, 2008 07:02 PM  Permalink 

I have made short term capital gains of Rs.20000/- in Equity shares and made loss of Rs.20000 in derivatives in the same year. Can I set-off the same

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How to Adjust Short Term Capital Loss
by Vivek on Jul 20, 2006 10:34 AM  Permalink  | Hide replies

I am a salaried individual. I have lost 40000 in Equity Trading (Short Term).

1. Can this Loss be adjusted from salary Income?

2. If not how and where this Loss be shown in Form 2D?

3. Can this Loss be adjusted somewhere / Sometime?

4. Where to adjust brockage?

Thanks

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RE:How to Adjust Short Term Capital Loss
by rohit on Sep 22, 2006 08:46 PM  Permalink
hi, u cann't adjust the loss agahist ur salary income.
however , u can set off this from any short term or long term capital gain like- sale of land,gold,shares ,machinery.But for this u have to submit the return of loss u/s 80 of income tax act 1961 for carry forward in subsequent years where u can claim this loss against any gain either from short or long term

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