Option trading in sharekhan digital contracts
The first thing that impressed me about MProfit is the reliability factor. Even Enterprise systems throw errors and shut down forcibly. But this has never happened with MProfit and this speak volumes about its reliability. On the support front too, MProfit scores well and the support team has always been accessible.
End user help provided within the application is one area where MProfit can add more value. MProfit offers several features to help investors better manage their investments. In addition, MProfit also offers an integrated accounting module that auto-creates accounting vouchers and ledgers from investment transactions. Traditionally, users have always had to manually enter transactions from their bank statements into external accounting software. MProfit has eliminated this tedious process by auto-creating vouchers and ledgers as well as enabling the effortless import of statements from a vast majority of banks in India.
To check if your bank or broker is supported, please visit our import page. If your bank or broker is not listed, please call us at or email us at support mprofit.
MProfit now supports import from more than 2, formats across digital contract notes, mutual fund statements and bank statements. Check out MProfit today by downloading it here! If you are looking for the most accurate and easy way to calculate your capital gains, you have come to the right place. MProfit helps make this calculation process effortless option trading in sharekhan digital contracts you. You simply need to option trading in sharekhan digital contracts a digital contract note received from your broker or mutual fund statement into MProfit and our software will take care of the rest!
MProfit follows the First-In-First-Out FIFO method for calculating capital gains and also adjusts capital gains calculations based on corporate actions such as mergers, de-mergers, splits and bonus in accordance with income tax rules.
After automatically performing all your capital gains calculations, MProfit also prepares reports in various formats to help you understand your capital gains. With the simplicity and accuracy offered by MProfit, it is no surprise that MProfit is the preferred choice for everyone in the Indian investing community including Investors, Financial Advisors, Family Offices and Chartered Accountants. Examples of the capital gains reports provided by MProfit include: Summary reports with period-wise computation for advance tax calculation 2.
Detailed transaction-wise reports 3. Debt mutual funds reports with and without indexation. MProfit further helps you understand your capital gains right before you sell your stock or mutual fund units by providing the following information: Computation of unrealized capital gains 2. Holding reports displays the number of days of your holdings from the purchase dates. Below are several posts that explain in detail how MProfit handles capital gains calculations. Click the links below to know more:.
Within hours of the option trading in sharekhan digital contracts Prime Minister made it impossible to use large notes. It was a very positive move for the financial markets as most of the money would come back into the banking system. The positive effects will be felt for many years to come. In addition, it was also an extremely productive year for MProfit. We give a quick overview of how MProfit handles these calculations and how you can easily generate mutual funds capital gains reports using MProfit.
The redemption of these 50 units took place after 12 months of subscription so the capital option trading in sharekhan digital contracts is characterised as long term. Advanced reports showing unrealised capital gains as well as option trading in sharekhan digital contracts holding periods for stocks are also available in MProfit and they help investors learn what their capital gains liabilities are before deciding to sell their shares.
MProfit does have an advanced feature to allocate charges to the purchase value and sale value of each stock in contract notes and this reduces the capital gains tax liability for the investor. In addition, MProfit also adjusts capital gains calculations for corporate actions including Bonuses, Splits, Mergers and De-mergers for any stock.
Capital gain calculations are adjusted automatically based on these corporate actions in accordance with the income tax rules effective on the date of the action. Please read below for detailed information about how MProfit handles long term and short term capital gains calculations following each corporate action. At MProfit, we are constantly looking for ways to improve our support for customers.
Option trading in sharekhan digital contracts latest feature we have added is an online help desk forums which will allow you to search for any issues or problems you may be experiencing. Of course, you can always email us at support mprofit.
Our new online help desk is located at http: Last week we released v9. Below is a complete list of all the new features, reports and enhancements. Value — Holding Report, added three more columns, Curr. Bug Fixes — Fixed bug related to Capital gain for Transfer-In with IPO and Bonus — Fixed error in Transaction report with Bonus and Split — Fixed clubbing of buy transactions entered separately on same day in capital gain report for income tax report, now it shows individual entries — Fixed error in report of Debt MF with Indexation if internet is not connected.
Click to the see the full version history of MProfit. MProfit Pro makes it extremely easy to manage all your commodities and currency trades. You can import all commodities and currency digital contract notes or back-office files received from your brokers. Below is the list of sample of brokers for commodities and currency trades, we support for direct import in MProfit.
This is not the complete list, we have many more brokers in our list. Debt mutual funds reports with and without indexation MProfit further helps you understand your capital gains right before you sell your stock or mutual fund units by providing the following information: Holding reports displays the number of days of your holdings from the purchase dates Below are several posts that explain in detail how MProfit handles capital gains calculations.
Click the links below to know more: Download a free version by clicking the link here. February Newsletter Option trading in sharekhan digital contracts 10, at MProfit wishes you a option trading in sharekhan digital contracts ! NewsSoftware FeaturesSoftware Updates. If you are an individual investor, all option trading in sharekhan digital contracts need to do is import upload to MProfit the consolidated account statement sent by CAMS.
This statement includes all types of transactions related to mutual fund schemes managed by CAMS, Karvy and Franklin for your entire family. Most mutual fund schemes are covered under this statement.
Click here to learn how to request this file. If you are a financial advisor, you need to import the CAMS WBR2, Karvy and Franklin back-office files which contains mutual fund transactions for all your clients. Click here to learn how to request these files Here are the MF capital gains calculation methodology that MProfit follows: MProfit follows the First in First Out FIFO method for capital gain calculations In the event option trading in sharekhan digital contracts consolidation or splitting of units of mutual funds, MProfit automatically calculates capital gain reports based on the adjusted purchase prices.
MProfit also takes care of Dividend Reinvestments when calculating capital gains as follows. Dividend Reinvestments are considered as new buy transactions for that particular scheme. When you sell redeem units, all new subscriptions buys and dividend reinvestment transactions are taken into account and short term and long term capital gains are calculated as per the FIFO rule MProfit also accurately computes capital gains for Switch-In, Switch-Out, STP-In and STP-Out transactions as per income tax rules.
Below is a detailed explanation about how MProfit handles these capital gains calculations. A split only leads to a change of the purchase price for capital gains calculations while the date of purchase remains the same The new adjusted price will be used in capital gains calculations and is displayed in the capital gains reports as well as the closing balance report Merger: The new merged company will retain the old option trading in sharekhan digital contracts date of the original company and the purchase price will be adjusted based on the merger ratio De-merger: The effective date of purchase for the new company will be the same as the original purchase date for the parent company from the perspective of capital gains calculations The purchase price for each new company will be automatically adjusted in capital gains reports as per the allocated amount for each company following the de-merger.
New Online Help Desk December 7, at 6: NewsSoftware Updates. Contract notes summary and detailed report to view contract notes of all families. Closing Balance report for one family or all families under one report.