For AY 2015-16 a return was filed ITR 4 where Salary income and speculation loss was claimed. The speculation loss comprises of intra day share loss of Rs. 6000. The same is shown in ITR as speculation loss to be carried forward.
Return was filed in time.

Now, Department issued a notice of defective return stating that since loss is claimed in profit and loss from busienss profession, audit report to be submitted or profit more that 8% to be declared.

What should be done in this case as in my opinion its not a business but intra day loss but as per provisions to be claimed as speculation loss.

under which head income from space given for hoarding/advertisement on the top of the building are taxable and what about tds on that

any possible to claim in sale of more than one long term capital asset (land and building) and purchase of new residencial house property ... as your reply quick as possible

in calculation of relief whether. 1.deductions of 80c could be apportioned/taken as lumpsum saving n currnt yr. 2.wage cut be apportioned. 3.Hra relief be made revised each yr. Also which items in arrears to be apportiond.

is required to deduct tds on certification charges

where the firm can claim donation ? as expense or as u/s 80g ?
what is the limit of donation if we claim it as expence & also under sec 80g .what is beneficial for the firm???????

is it valid for director to deposit cash in current a/c of company ?? Is there any Limit for depositing cash ?
If Deposited cash in current a/c of pvt ltd., what can be the consequences, as per IT Act., 1961 or Comapny Law 2013 ??

Dear sir

My friend received income tax Notice containing AIR-006 Purchase immovable property valued at Rs.30,00,000 or more. She had not filed return for the same period. and she had taken Housing Loan to purchase the property jointly. Her husband take benefit of Housing loan Interest, How to reply Income Tax Department In Compliance.

Hello sir If individual taken mortgage loan for businees , then it is require to deduct tax even if individual is not in audit i.e non audit case Because In scrutiny officer is demanding form 26A for above individual case as i not deducted tds What to do in this case

Hello sir
If individual taken mortgage loan for businees , then it is require to deduct tax even if individual is not in audit i.e non audit case

Because
In scrutiny officer is demanding form 26A for above individual case as i not deducted tds

What to do in this case