![]() ![]() Most of people step-in into it without having knowledge about its taxability and how it will be shown in their Income tax return? Is it mandatory to show these transactions in return? Require to maintain books of accounts? You will get answer of all of these questions. Further, we cannot deny the role of digitalization and platforms available to invest in stock and derivative market. You will not believe nearly 14.3 million new investors added by the depositories in the year ended 31 march 2021. The transaction is nothing but business activity, that can be expressed in monetary terms, while an event is just the ultimate result of the transaction.Share trading and, Derivative trading (F & O trading) is normal now a days. Therefore, it is right to say, all transactions are events, but all events are not transactions because to become a transaction, an event must be of financial nature. The purchasing and selling that took place between the two business entities is a transaction, while the reduction in stock and profit earned is an event. The scope of an event is wider than a transaction because a transaction is an event, but an event may or may not be a transaction. ![]() On the contrary, the events may or may not have an impact on the business finances.
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