Taxations Archives - Page 3 of 3

Equity taxation for reinvestment

Question

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 395 views

Regarding Audit for stock market trader

Question

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)

Question

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 ...

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Taxations 5 years 1 Answer 841 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

I don’t have any source of income , how do I file income tax returns?

Question

I am a student. I have fno turn over of around 1cr for 20-21 year. My loss in fno is 15k and gains in intraday equity is 4k . Should I file income tax returns? If so how? Some body please ...

solved 1

Taxations 5 years 1 Answer 2206 views

ADDING MY INTRDAY SPECULATIVE INCOME TO MY SALARY

Question

After adding my intraday speculative income, to my gross salary income, can I avail of 80 c benefits on the sum total, standard deduction etc. This is the first time I have come within tax bracket, because of speculative income.

solved 1

Taxations Anonymous 5 years 1 Answer 1782 views

One Person Company Tax Saving Expenses

Question

I have an OPC registered. I want to understand what all expenses would be considered to reduce the taxable income Also want to understand the depreciation part for all those qualifying expenses.

solved 1

Taxations Anonymous 5 years 1 Answer 1188 views

stock future n options

Question

Sorry it's a private question.

solved 0

Taxations Anonymous 5 years 1 Answer 5 views

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