QUESTION:
I Am Government employee. Can I trade
intraday Trade and future options?
Your conduct is governed under CCA
rules which clearly states that you can invest but can not speculate in any
form if you invest you are supposed to inform your department so that it can be
noted down to your personal file in other case if you are speculating in stocks
and caught be prepare for major punishment which includes increment stop, break
in service etc.
There may be big suggestion over
here but this is the fact even if your family members are involved they have to
also produce evidence of their source of earning on event of some problems
All security transactions without
delivery will be considered as speculation and will invite disciplinary action.
Government employees can invest in
stock market only after informing their department & obtaining permission
from them. They have to disclose the details of investment, buying and selling
as and when required.
Other formalities and income tax
rules are the same as for the regular investor
If they open an account in their
spouse's name, the source details should be disclosed.
If the spouse has his /
her separate source then that money can be invested in stock market.
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