What is full transaction right and limited transaction right in net banking?
In limited transaction rights you can see your balance,account statement,open fixed deposit, transfer money your your another account(in SBI only).In full transaction rights in addition to the above features you can send money to anyone using NEFT/IMPS. All the features that you can see in net banking page get unlocked.If you want to know difference between credit card and debit card, you should definitely watch this small video which will answer all your queries.If you want to get more investment and technology updates, you can see my YouTube channel. TarMon Talks
Filing Taxes as a Part Time Day Trader In Canada?
In 2009, my 40 hour a week job was my main source of income but I was experimenting with stock trading on the side. I was laid off from my job but I didn't go on unemployment insurance and so my main source of income (even though I lost more money than I made) technically did eventually become my main source of income. I have no positive income from stock trading in 2009. I still need to account for everything in my tax return though, every trade and every detail of every trade. I don't know how to do that, should I add copies of my bank and trading statements with a written letter to tell them exactly what I was doing? A little background information: - I'm a strict intraday trader (buying and selling the same stocks within minutes), not investing, and so I don't think "Capital Gains" is the way to file - I have a "Tax Free Trading Account" from Questrade but most of my trades were done with my regular Margin account, I only have two accounts. - I have a "Profits and Losses" report for each of my accounts. - I converted a bunch of my money into US Funds to trade US stocks - I have so many trades to account for that I can't fit them on any of my tax forms I have a number of questions that are making my hair fall out. 1.) because one account is a "Tax Free Trading Account" where do I place thAt in my return? 2.) When looking at my P/L, how does Canada Revenue Agency expect me to calculate and display every trade I made during 2009? Is there any place in my return to place and calculate this information? Do I staple the P/L portion to the back of my return and just place certain numbers and calculations into the tax forms under certain boxes and tally it up with the rest of my return, or what do I do? It's probably pretty easy but I just can't figure it out and I want to be sure. Somebody knows what to do. Thanks in advance.