SUDHEEP M
This Query has 1 replies

This Query has 1 replies

05 September 2021 at 10:08

Nature of Business for Intraday Trading

Sir I have intraday trading in equity shares during the financial year 2020-21. At the time of filing ITR 3, which code to be selected in nature of business activity.


MAMTA KATARIA
This Query has 1 replies

This Query has 1 replies

04 September 2021 at 17:29

COMMISSION INCOME IN PARTNERSHIP FIRM

One partnership firm is having only income from commision can it show less than 6% profit
Without audit ?
Books of accounts are maintained
Turnover 5 lac


P.Harish
This Query has 1 replies

This Query has 1 replies

04 September 2021 at 13:34

TDs applicability Sec 194 Q goods purchased

Dear sirs/ madam
Kindly advise, we are in TDS bracket , purchase made before applicability of TDS ( ie before 01-07-21 some of March 40 lakh & April May 55lakh + ) As per payment terms we are paying now to the Vendor .

Whether TDs would be applicable on payment made? Or no TDS as purchase are prior date .

Kindly brief


Amitabha Das
This Query has 1 replies

This Query has 1 replies

04 September 2021 at 10:14

Regarding it processing and intimation

Sir I had filed my itr-4 on 31/07/21 under 44ada for ay 2021-22 with e verified on same day.Sms came for filing but no mail.On 23/08/21 a sms came from TM-ITDCPC as"your itr for ay 2021-22 & pan ak****a has been processed at cpc.Intimation 143(1) has been sent to registered mail id.If not received check in spam folder".But sir no mail received till now.On 26/08/21 on calling to customer care they told to wait till 31/08/21and lodge a grievance.But till today portal showing as under processing,no intimation came or showing in portal.What to do sir now?I have to wait or again to submit grievance.Thanks in advance sir.πŸ™πŸ™πŸ™πŸ™.


MAKARAND DAMLE
This Query has 3 replies

This Query has 3 replies

03 September 2021 at 17:56

Capital gains Loss

Assessee has short term capital gain from sale of Debt Oriented Liquid fund
He also has long term capital loss on sale of Equity Oriented fund
Can the short term capital gain from sale of Debt Oriented Liquid fund be set off against long term capital loss on sale of Equity Oriented fund


CA. Rahul Dwivedi
This Query has 1 replies

This Query has 1 replies

03 September 2021 at 14:22

Capital Gain on Rolex Watch

Dear Sir ,
An employer has gifted Rolex watch to employee and shown it as perquisite U/s 17(2). Employer has also paid the applicable tax on it and same is reflated as TDS in form 16 (Perquisite vale grossed up for tax purpose). Watch Invoice/warranty card is in Employee's Name. Employee want to sale the watch. Now the que. is whether capital gain will apply on that or it watch is treated as personal in nature & not the Capital Asset. Kindly advice.
If possible please share the case law
Thanks


GIRISH GP Gowda
This Query has 1 replies

This Query has 1 replies

03 September 2021 at 13:30

Tax on Industrial Shed

A firm taken land on lease for 30 years, and constructed industrial shed on such land, Am paying lease charges to land owner every month. Industrial shed is let out for business purpose , Whether Rent received from tenant to be declared as Income from House Property or Income from Business? . please note that The firm will be the owner for Built up area of sheds for 30 years only.

Please advise


sravan kumar Kothoju
This Query has 1 replies

This Query has 1 replies

03 September 2021 at 12:47

Login into incometax portal

earlier other CA used to file all my IT RELATED transactions... but now after long gap i want to login my self... my previous CA is not informing about my passwords.. to login... how to get new login user id and password?
Error : Something seems to have gone wrong while processing your request. Please try again. If error persists quote error number ITD-EXEC2002 when you contact customer care for quick resolution.
Read more at: https://www.caclubindia.com/experts/experts_profile.asp?member_id=1135911


Piyush
This Query has 1 replies

This Query has 1 replies

03 September 2021 at 10:36

Taxability of Forfeit amount Received

Assessee has paid token money for some property, but deal did not materialize from seller side, so seller returned back the token money plus some extra to forfeit the right in deal of property.

1. What will be the taxability of extra amount received in hands of assessee ( who is no longer purchaser now) ? Whether it will be treated as Capital Gain or something else?

2. Will GST applicable on Extra amount?


VIKAS KUMAR SHARMA
This Query has 3 replies

This Query has 3 replies

sir,
one of client having 3 heavy carriage vehicle gross weight 25 tons each. Last year opted 44AE for said vehicle. But now he do not wish to go with 44AE due to heavy tax liability.
can we file ITR 3 without audit of account (no documents of expenses) ?
please help to resolve the issue IT BECOMES THE PROBLEM OF ALL CARRIAGE VECHICLE OWNER
regards
vikas






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