This Query has 1 replies
Dear Sir,
In this FY 2024-25 , I have earned Short Term Capital Gain of Rs. 125882/- , I have Holding Adani Enterprise
150 Qty. having unrealized loss of Rs.1,01748/- . This Stock 150 qty are available as to Manage Capital Gain Reports.
Can I sell this stock and Buy Next Day , to Manage my Short Term Capital Gain against this ST loss.
Please advise
This Query has 1 replies
DEAR SIR,
FOR THE OF FINANCIAL YEAR 2022-2023 RECEIVED A E-MAIL FROM INCOME TAX DEPARTMENT THERE IS VARIATION IN AIS AND INCOME TAX RETURNS FILED REPORTED HIGHER VALUE TRANSACTIONS. ASSESSEE IS AN FARMER HE OWNED NEARLY MORE THAN 50 EKAR AGRI LAND AND EARN NEARLY 30 TO 40 LAKHS AGRICULTURE INCOME. ALL PAYMENTS RECEIVED FROM SMALL TRADERS THEY EVEN DO NOT HAVE BANK ACCOUNT SO MY CLIENT RECEIVED 33,15,880/- CASH DEPOSITS FROM DISTANCE CUSTOMERS.
INCOME TAX RETURNS FILED BASED ON THE BANK STATEMENT BUT ENTIRELY DECLARED UNDER AS AN AGRICULTURAL INCOME SO THERE IS NO CONFIRMATION REGARDING CASH DEPOSITS IS AN AGRICULTURAL INCOME.
FEED BACK ALSO FILED THROUGH COMPLIANCE PORTAL ' THE INFORMATION IS CORRECT'.
MY CLIENT SAYING ENTIRE AMOUNT IS COMPLETELY AGRICULTURAL INCOME PLEASE SEND FEED BACK IS INFORMATION CORRECT.
WHAT IS NEXT IF THE ITO OFFICERS ASK DOCUMENTS REGARDING CASH DEPOSITS, MY CLIENT KEEP THE BILLS AMOUNT RECEIVED FROM THE DISTANCE CUSTOMERS.
PLEASE GUIDE ME
REGARDS
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