Accounting for stock

Discussion in 'A/c entries' started by seema, Mar 21, 2014.

  1. seema

    seema Member

    Hello Everyone, I have to do Accounting of - 1. An Individual who is trading in Shares, Futures & Options regularly 2. A Broker He do Intraday trading much and also he operate on No Delivery Taking Basis even when he on Deals other than Intraday Deals. Could anyone suggest how to do Accounting for Such persons in Tally. And the Manner of Entries to be Passed & the Treatment of Expenses like Brokerage, STT etc... And also whether the person is covered by Tax Audit u/s. 44AB or not?

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