Dear Sir,
My question is suppose I am salaried person and my income is above the exemption limit of Rs.2.5 Lakh and suppose during the full financial year If I have done only one intra day trading and suppose the profit is less than 6 % then do I come to Tax Audit although the turnover is very low. I ask with the following example.
Suppose I purchase the 500 share of Indian Oil @ Rs.100 and sold intraday @ Rs.100.10 so my profit will be Rs.50/- this income will be clubbed into my income @ applicable tax slab. Now during full financial year I have done this transaction only then do I have to undergo tax audit as my taxable income is above exemption limit say Rs. 14 Lakh from salary ??

as I have heard that If profit from Intraday Trading is declared less than 6% and Total Income exceeds Basic Exemption Limit When these 2 conditions are satisfied, Tax Audit will be applicable Is this true ? If this is true then I should avoid intra day as it attracts tax audit.
Please reply at the earliest.

DEAR SIR, WIFE HAS FILED A RETURN ON BEHALF OF HER DECEASED HUSBAND IN THE CAPACITY OF A REPRESENTATIVE ASSESSEE. THERE WAS TDS MADE FROM HER HUSBAND PAN FROM PENSION AND INTEREST. SHE HAS PAID SELF ASSESSMENT TAX ALSO. THE TAX AUTHORITIES HAVE SENT A DEMAND FOR THE AMOUNT OF TDS MADE FROM HER HUSBAND AND HAVE CONSIDERED ONLY SELF ASSESSMENT TAX STATING THAT THE TDS IS FROM A DIFFERENT PAN. RECTIFICATION AND GRIEVANCE TO THE IT AUTHORITIES HAS NOT SOLVED THE PROBLEM. KINDLY ADVISE WHAT IS TO BE DONE TO CLOSE THE DEMAND THANKS & REGARDS

Dear Sir,

Our Service provider from UAE, they have provided technical service at UAE on our export product.

Can you help for WHT tax deduction?

UAE is Tax Free Country
They also provide us FORM 10F and NO PE in India Certificate.

Kindly ADVICE FOR WHT it is applicable or Not? if Yes, @ ..%

Thanks,

Malcome

Hi, I am a lawyer with 25 lacs income mostly in cash. Can I opt for presumptive taxation and which section will apply?

Will there be any issue considering my incomes are mostly in cash?

When is gst registration required, if applicable

Will there be any impact if I also have income under other heads?

A Pvt. ltd. company is having two businesses, and turnover of both the business is over one crore.

How can i file its audit report u/s 44AB ?
(whether of one business having greater turnover OR figures to be clubbed and then file the audit report )

Please solve this query

TIA

at the last clicking pay ,the msg flashed "CRN generated ending with 4165"
how to processed in 15 days for making payment.
i tried after 2 days but same massage with new CRn 4 digits.
thanks

there is refund amount of Rs 6000 in my name for itr ay 2023-24 and my bank of baroda account number showing validated but under this showing restricted refund ON E FILING PORTAL.so unable to get refund. what may be reason.

HUF owns a residential house and Karta is using it for his residence, The HUF consists of Karta and his younger brother and their respective wife and children. The younger brother and his family wants to separate and want their share of joint property, which is the residential house.
The Karta does not want to physically divide the house, and being a single unit can not be so divided and hence proposes to pay 50% of property value to the younger brother and his family. For the purpose they draw a Family settlement deed to give effect to it.
Being a partial partition of HUF and family arrangement , it does not amount to transfer and hence is normally not subject to capital gain. Doubt has arisen whether it may be viewed as relinquishment of 50% share in joint property by younger brother in lieu of receiving the money ( consideration) and hence transfer of his right in the property which is long term asset.
Please provide your views.

Is PAN number is compulsory to obtain 10 F form

Sir,

One of the client approached me for filing ITR for the financial year 2021-22 as he was having a TCS credit in respect of vehicle purchase during that financial. Can I file return now to claim this refund?.