Dear Sir,
Pls clarify the following issues....

1) An individual having salary income, also have Commission income TDs thereon deducted 194H, should I show commission income as IFOS or to file p/l and balance sheet.

2) an individual having STGL shere loss in future & option trading, his broker has given consolidated loss figure, how to show this consolidated loss, whereas ITR compulsory to fill sale & purchase date, value also.

Pls clarify.. .

Thanks
ASAP

Due to covid conditions, a client who normally received Rs 12,00,000 as rent from commercial property and house property received only Rs 350,000 during the financial year 2019-20. Can he declare only the rent received as the rental receipts?
Can the experts throw light on the provisions of the Income Tax Act,regarding this?

Dear Expert,

Can we take exemption of Driver salary , Fuel and maintenance allowances, which was included in the payslip too..

Kindly confirm

Dear Sir,

I want to know what should be the Balance sheet date which we can keep for a Pvt Ltd company for signing of accounts (directors and auditor) as on 31.03.2021.

Also after considering that the AGM date was extended till 30th November, 2021

Please help me in this matter.

Regards,
Divyesh Jain

Rental Income Receipts of Individual from commercial complex of serveral rooms (i) is it offered Income from house property or business

while uploading form 15ca, the error message appears that form 15cb already linked to another 15ca. Anypossibility to resolve this issue.
thanks

a person did share trading daily for few days(5-10), during lockdown . he is salaried person.
which itr to file and under which column?

Hello,
Need to understand the capital gains tax treatment in the following scenario:
Buy Rights Entitlement(RE) from the market, get Partly Paid(PP) shares, pay the calls on these, convert to Fully Paid shares and then Sellthe Fully Paid shares:
1. Is the Purchase price of RE included in the cost of acquisition of Fully Paid Shares?
2. What is the date of Acquisition for the Fully Paid Shares?
3. Because the ISIN's change at each stage (i.e. RE, PP, Fully Paid), are these 3 different transactions for Capital gains tax computation?
4. If Yes, would that mean there would be a Capital Loss on RE and PP and a Capital Gain on the Fully Paid share?

Context: Reliance Industries Partly Paid --> Fully Paid conversion recently.

Regards - Vidya

When we give a property on lease for a particular period
Eg: Say i give a property for lease for 4 years for a INR. 10 Lacs/-. This 10 Lacs is refundable on the expiry of the lease. I invest this in bank for 4 years)
How and under what head will the lease rent and the interest be taxable?

i downloaded audit report done by ca from new itd website. in proprietorship form 3cb audit report fy 20-21 my ca mentioned my business name not my name as on pan is this valid?