Hello, previous FY, I had sold quite a few shares which had been bought before 31st Jan 2018. But the IT portal is not showing loss in cases where it should. Taking example of Aurobindo Pharma:

1) 9th May 2017: 594 (Original COA)
2) 31st Jan 2018: 635.5 (FMV)
3) 31st Mar 2023: 516.45 (Sale Price)

Lower of (2) & (3) is 516.45. And higher of this figure & (1) is 594. Under the Grandfathering clause, the actual COA is also 594. So, there should be a LTCL of Rs 77.55 per share. But on Schedule 112A, under Balance, it's showing approx. 0 (after removing the 'Expenditure wholly and exclusively in connection with transfer' part).

This is happening for all cases where Sale Price is lower than Original COA & FMV. Am I doing something wrong here? Or this is how it's supposed to be?

Thanks.

When you buy tickets partly paying using UPI and partly using credit card reward points in a bank, can you include the total cost of the ticket for the purpose of LTA claim under income tax. Question is not about claim with employers, LTA is a fixed sum of total comp. Qua income tax, can reward points usage be treated as payment.

AY 23-24 FORM 16 OF A SALARY PERSON MADE BY OLD TAX REGIME.HIS SALARY IS 15 LAKH ABOVE ANNUALLY.NOW IN RETURN, CAN HE OPTED IN NEW TAX REGIME? FOR GET FACILITY OF LOW TAX RATE?

TDS certificate by a LLP without DSC signed and affixed stamp, is it correct way or may be any problem to take the TDS certificate in this way.

While applying for PAN for Trustee located in the area of Slat Lake, Sector- V, Kolkata-700091 the "KNOW YOUR AO" link gives a list for KOLKTA with 360 entries. But nowhwere there, the PIN 700091 appears. There is neither any link for Trustee nor otherwise lead for search.

What should I do? Please advise

I have tried too many times to fill up the said form both in offline and online mode but at the time of verification - the message shows "contact vendors" - the reason is not known to me. Kindly help so that I may be able to submit the same properly.

Hello Experts,

Is the advance tax applicable to be paid on Dividend Income for A.Y.: 2023-24

Thanks in advance

if a NRI filing ITR has to declare stock shares in overseas company. Even if there is no dividend received nor is the foreign companies shares traded on international share markeThe foreign company does not do any business in India and has no base in India
Please suggest

1) Hello, I'm filling under the new regime from this year onwards. I've only F&O income (ITR 3). For selecting nature of business, should I go with:

a) Financial Intermediation Services -> Investment Activities/Other Financial Intermediation Services n.e.c.
(Which one of the two?)

OR

b) Other Services -> Other Services n.e.c.

If it's some other option, please let me know. Also, didn't see code 09028 anywhere.

2) Also, I keep Mutual Funds, stocks, ETFs pledged with my broker & use that for Option Selling. Free cash is only around 5%. So, 'Proprietor's Capital' should include the pledged part or just the free cash?

Thanks.

Background: I have a proprietorship business with Annual turnover of around 30 lakh and profit around 5L ( after business expense / depreciation and all other deduction).

This week i started doing intraday trades

Details
Absolute turnover: 13000
Loss: 200

what if i stop now? Is audit compulsory in that case?

Also Let us suppose i make similar trade in 52 weeks in an year.

My absolute turnover would be : 6,76,000
Loss: -10,400

Is audit compulsory then?

where can i learn about this more ?