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HUF for Options trading

Question

I have been earning through future option trading income. Now I want to use open HUF account in order to split profit to reduce total tax outgo. My HUF has been active since 2-3 years but I haven't used it ...

in progress 2

Taxations 4 years 0 Answers 256 views

Tax on Short Term Capital Gain on Share Trading

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Dear Sir, For the year 2020-2021 , I made a short term capital gain of INT 3.6 Lakh through share trading and Intraday Loss of 22K , 1 ) Since I have no other income which form shall I use ITR-3? 2) shall ...

in progress 0

Taxations Anonymous 4 years 0 Answers 248 views

ITR filing if required for losses incured

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Sorry it's a private question.

Taxations 4 years 0 Answers 3 views

How to updated/include Savings Account interest in a Processed ITR

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I have filed the ITR-2 form for AY 2020-21 (FY 2019-20). Its is processed last month, and I have also received the refund. Now I realized that I haven't included the saving account interests in the Income Source for FY 2019-20 ...

in progress 0

Taxations 4 years 1 Answer 4141 views

Tax filling

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I am a salaried employee with 10lkhs pa. I did STCG equity delivery BTST profit 1lkh. Please suggest how to file ITR... Which form... And where to pay 15% tax.

in progress 3

Taxations 5 years 1 Answer 1354 views

Equity taxation for reinvestment

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I do invest in stock using Paytm money app. I park sold amount in it's wallet temporarily and re invest agin in other stocks. If I am not transfering money to my bank account for a financial year, do it ...

in progress 0

Taxations 5 years 0 Answers 394 views

Regarding Audit for stock market trader

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Sir I'm a future & option trader in Indian stock market. My turnover 20lakhs(ay2020-21). And make loss rs 19000. My other income 80000(bank interest etc). Past two years also make loss in same profession, return in itr 3 form (with ...

solved 0

Taxations Anonymous 5 years 1 Answer 1536 views

Notice u/s 139(9)

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I have filed my ROI in ITR 3 as i had Intra day losses Intra Day Loss - 372000 Turnover - 475000 Apart from this I have Income from Salary(25 Lacs) & Other Sources, LT Loss (25000) & ST Gain (1000). I have got ...

solved 2

Taxations 5 years 1 Answer 840 views

As per Zerodha Varsity and Tax Laws , if your turnover is less than 1 crore and if your profit is less than 8% of turnover an audit is not required if your total tax liability for the year is zero. That means if your total income (Salary + Business income + capital gain) is less than Rs 2.5lks (minimum tax slab), you have no tax liability and hence audit not required. My Doubt : if total income > basic exemption limit , but net liability is zero since rebate u/s 87A is applicable, will tax audit be still applicable? in the tax law.

Question

For FY 19-20 , As per Zerodha Varsity and Tax Laws , if your turnover is less than 1 crore and if your profit is less than 8% of turnover an audit is not required if your total tax liability ...

in progress 1

Taxations Anonymous 5 years 0 Answers 708 views

f&0

Question

If one income is only from F&O and do daily trade , will he be eligible for all the tax exemptions like 80 c, NPS and other tax benefits? If one is only dealing in daily F&O, will he have to ...

solved 4

Taxations Anonymous 5 years 1 Answer 1023 views

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