Did you ever got confused about how to pass stock market entries in Tally as trading? In this video, I have tried to clear all your doubts for creating stock market entries in Tally as a trader. If you are an investor and NOT a trader in Stock Market, then look at this post in which I have explained Stock market Entries in Tally as an investment.

In simple words, your main business is stock trading like any other business and you earn your major part of income from stock trading. That is called investment. Rather it will be reflected in just the Balance Sheet and Stock Summary.

As there are hundreds of transactions through out the year, the situation of your Stock Broker as a Creditor and a Debtor constantly changes in your accounts. Therefore, at the time of creating Stock Broker ledger, it does not matter whether you create it under Sundry Creditor or Sundry Debtor.

At the end of the year, when you are closing your books, you can check out your Balance Sheet and see what is the position of your Stock Broker.

Whether you have to pay money to your Stock Broker and vice versa and alter the ledger to Sundry Creditor or Sundry Debtor. Share Brokerage Ledger will be used for recording share brokerage which you have to pay to your Stock Broker. On the other hand, you can also record share brokerage in the Stock Broker ledger.

If you are a Service Provider, you can take credit of service tax paid on stock market transactions. For that you have to record service tax separately in a new ledger named Service Tax because you are paying service tax. With the help of a separate ledger for service tax, you do not have to count the entire service tax credit because it will automatically be calculated by Tally at the end of the year.

Now come back to the Ledger Creation Menu once again for creating Service Tax Ledger. Now that you have created Service Tax ledger as you are a Service Provider, one more thing is remaining before we can create stock market entry in Tally is the Stock Item.

You have to create a Stock Item in Inventory Info. But still if you have any questions or doubts, feel free to comment below and I will answer each and every doubt you have. Traders who are trading in derivatives or day trading in equity treating the values little different.

Buying 10 shares of Reliance and selling themresulting Rs. Here is my doubt. The entry you said is correct and can be passed in case of intraday trading or derivatives trading as you said. Your doubt is very familiar and the solution would be to pass the whole purchases and sales entries so that you get the total purchases and sales amounts.

But if you want to pass entries without including sales and purchases amounts then I would suggest you note down the daily purchases and sales amounts therefore at the time of preparation of returns ITR4 you have the total amount. Now, you are going into Income Tax from Tally. For delivery based trading the total sales value should be taken for consideration in audit.

For non-delivery based trading the difference between sales and purchases should be taken for consideration in audit. I put the turnover value as revenue. Purchases figure would be simply the securities that you have purchased in any case whether it is delivery based or non-delivery based. If I put these values in ITR, resulting figure would be loss of 9.

I assume that derivatives about which you are talking are non-delivery based transactions. Therefore in ITR the value you have to enter in case of turnover would be 1 lakh as it is the difference between sales and purchases. Dont we have to use Purcase and Sales or Payment Receipt voucer instead of Journal?? I am also a CA student kindly send me your contact info for more queries. You can also use purchase and sales ledgers alternatively instead of using journal.

But I prefer not to use payment and receipt because there is no option to enter stocks in payment and receipt vouchers. You can ask your questions via Ask Me a Question page or you can contact me via Contact Me page. I am preparing a video tutorial currently about stock market as investment and will be posting soon.

In previous year, my partner make the entry of share stock entries as a Investments,so there is a big mistake coz return is also filed. You can see the new video tutorial about Stock Market Entries as an Investment. Sir, i m entering shares transactions as investment but pls share ur knowledge regarding how to create opening balance of same best uk penny shares to buy now the no.

Of shares already bought last year. If you have already entered the entries for shares bought last year, you do not have to enter opening balances again. It will appear automatically when you switch to new year.

Derivatives market - Wikipedia

I Purchased 10 xyz Shares Rs. Now Short Derivatives stock market meaning Share Profit Account is Credited but which account debited,? XYZ Shares account will get debited in this case. You will have to create a ledger named XYZ Shares under Investment in Shares which is under Investments.

Then, Xyz Share Southaven kg forex will not stay as a Balance under Group Share Invenstment in Balance Sheet? You bought 10 shares of XYZ and sold 10 of XYZ so there will be no shares with you and therefore it should be reflected in your balance sheet also.

Thank You, Rishit for your kind help, I am pretty much clear about the future transactions entries concept, meanwhile i was also wondering what entires should i pass for Options, in both the case if i am a buyer of an option then i am paying premium. The concept is same as Futures. The only thing different is when you write an option you have to consider it as sales. The stock will go negative. Then, when you square off the position, the stock will automatically be zero!

You have to pass entries same as stock market. Yes, you low spread forex brokers list to show turnover in Profit and Loss Account which ultimately shows up in Balance Sheet.

Sir I am working in government service. I have been trading since May I continue trading in futures as I am a government servant.

What is ternover and how to calculate turnover. Which ITR may I use to file income tax return. There are no restrictions to government officials for trading in futures, but you can check your agreement and be confirmed.

Sir Suppose I buy 1lot nifty futures by paying magin and sold the same in intraday by paying margin What would be the turnover. If I earned income through the salary and derivatives trading. Which ITR should I use. I havw transferred some shares from icici to stock market volatility in kenya portfolio services and birla portfolio services have sold some shares.

To Shares which are in ICICI Now pass simple entry for sale of shares as I have explained. Now ven i trf 2 birla d show as rs price on day of trf. If i tke den my balance with birla vont tally as de have taken purchase pruce as So vat i do with diff off rs It cant be termed as profit as de have nt been sold only trf from one acc to oder. For instance, if I hold Shares of X company as of jan 1st and later in June if I transact Intraday. The cost basis should remain at However, most reports provided by brokers use the FIFO logic and the cost basis show at an incorrect rate adjusting for intraday and not at Does tally have a solution to this problem?

I understand your problem. The martin luther king stock market open is as per Income Tax Act, FIFO method is preferred. Therefore brokers will issue reports in FIFO. Buy shares online without broker you are talking about is stock valuation method.

In Tally, there is an option for valuing stock at last purchase cost. I think that will solve derivatives stock market meaning problem. That will take into account cost of sales as last purchase cost and so in intraday trading, your profit will show on the basis of last purchased cost which will be your intraday purchase.

Forget About Housing, The The Real Cause Of The Crisis Was OTC Derivatives - Business Insider

I have a doubt. Though I am not daily trader, I am purchasing some stock for couple of months in which i may have short term capital gain and there are few shares I am keeping for long term. Sometimes I even sell it intraday if i feel mkt is uncertain. In this case should I need to do entry as per your investment video procedure or should I need to follow your trading video guideline? In your case, you need to pass both the entries on the basis of whether it is long term or short term or intraday.

You can easily see in and out of RCOM in Stock Summary in very detailed way. You can also see the profit by FIFO and other methods. Hi Sir, I am Trader as well as investor in share market. Sir I salary stock broker scottrade to know how to Pass the entry of Bonus Shares in Tally Because bonus shares have zero how do realists view grand strategy options. They are given by the co.

For bonus shares, there is a feature in Tally called Zero Valued Entries. Enable that and use it exchange rate chart euro dollar bonus shares. The entry for rights issue is same as for normal entry because you are still paying an amount in the form of rights fee. You can pass the buyback entry in the same way as selling the shares.

In this case, it will be the company instead of a seller. Your email address will not be published. Notify me of followup comments via e-mail. A TallySchool visitor named Maninder asked me about the role of GST in Tally. I told him that it is an interesting question and therefore …. Tally Expert Free Tally Course Basic Accounting Course Tally. ERP 9 Books Tally Shortcuts. Rishit Shah — July 3, Creating a Stock Broker Ledger in Tally.

Creating Share Purchases Ledger in Tally. Creating Share Sales Ledger in Tally. Creating Share Brokerage Ledger in Tally. Creating Service Tax Ledger in Tally. Creating a Stock Item in Tally. About the Author Rishit Shah. TK September 9, at 3: I have a doubt something related to this video. Rishit Shah September 9, at 5: TK September 9, at 8: Rishit Shah September 10, at 8: TK September 10, at Rishit Shah September 11, at 3: TK September 11, at 7: Rishit Shah September 12, at 8: Rohtash December 11, at 8: Rishit Shah December 11, at Bhavesh February 22, at 6: Rishit Shah May 18, at Karathe Nagaraj May 13, at 2: Dipen Thakkar May 30, at Hello, In previous year, my partner make the entry of share stock entries as a Investments,so there is a big mistake coz return is also filed.

So i want to ask how to put that amount as a opening in current year?

SEC Proposes New Limits on Funds’ Use of Derivatives | Stay Informed | K&L Gates

Rishit Shah June 3, at 7: Rishit Shah July 13, at 9: Dipen Thakkar July 24, at 6: Hi, As per your above ex…I want to ask one Question, I Purchased 10 xyz Shares Rs. So, My Short Term Share Profit is Rs. Rishit Shah July 28, at 2: Dipen Thakkar July 28, at 8: Rishit Shah July 30, at Rachit Jain August 1, at 7: Rishit Shah August 3, at You can pass the entry in the following way, Rachit. Rachit Jain August 4, at Rishit Shah August 7, at Any problem arise regarding turnover?

Rishit Shah August 16, at 6: P August 22, at Rishit Shah August 23, at 9: Turnover in simple language is how much you traded. I cannot tell you the ITR based on just this detail.

What is Derivatives Market & How to Trade in Derivatives | Kotak Securities®

P August 28, at 5: Rishit Shah May 10, at 5: You can pass a journal entry for transfer of shares from ICICI to Birla! Rohin malavi May 10, at If i tke den my balance with birla vont tally as de have taken purchase pruce as So vat i do with diff off rs It cant be termed as profit as de have nt been sold only trf from one acc to oder. By d way shah means gujarati Thanks in advance n if gujarati den tamaro khub abhar. Ankit May 12, at Rishit Shah May 17, at Rishit Shah May 26, at It is totally correct if you had passed a purchase entry for your bill.

Raghav pungalia November 12, at 3: I trade from 2 demat acc. In that case can I do entries in single acc under tally.

Rishit Shah December 4, at You can do it under single account in Tally but that would mix up things. I suggest you create it under two different ledgers. Jasmin Mehta November 19, at 5: Rishit, I have a doubt. Mohan Govindarajan January 7, at 9: I need ref of good tally expert at Chennai, for passing, enteries DO you recommend one.

Rishit Shah January 9, at I do not know anyone in Chennai. I am from Surat. RENUKA HARDASANI February 5, at Rishit Shah February 5, at 2: Sushil Lodha March 19, at Rishit Shah March 20, at Rishit Shah June 15, at 6: And, if you are the company, the entry will be same as purchasing the shares.

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