plz suggest , if f&O actual Losses 70000/-, absolute value of turnover of F&O i.e summation credit and debit value is 200000, then whether tax audit is required ?, as sale profit is below 8% of turnover. if yes then what will i show purchases and sale in the trading or P&L account.

further if there is no other income or if income is less than the taxable income say <2.50lac, but above situation is also exist then in this case return filing and tax audit is mandatory , if i did not want to c/f the losses ?

I want to invest in mutual fund. Can any one please suggest which is best platform ? Please share some reliable online platform. And which will be better SIP or Lumpsum for long term investment?

Please give a Simple explanation as to what is meant by BLOCK DEAL

Respect Sir/Madam

If we earn amount from Share market . In which head we should calculate in ITR?

Thanking You

Hi,

If A share holder transfers his all shares after 03 years from the date of incorporation to Other Person, who is director in the same firm . What will be tax liability on capital gain ? and How can we calculate it ?

And if company declares the dividend in the company books, Is it possible that if one share holder can get the dividend as per his share holding in the entity ?

FACTS :

Mr. A holds 100 Equity shares of XYZ Ltd. (a listed Company) since 2010 and the cost of the same is Rs. 1,00,000/-. In the year 2015 he got another 100 Equity shares as Bonus Shares of XYZ Ltd.

QUERY

Will he get benefit of market value of Equity shares as on 31/01/2018 in respect of Bonus Shares for future sale of such Bonus Shares as per the Budget 2018.

i am a bank official retd in 2016, i used to do intraday business and always on loss. now my auditor is saying there will be tax on intraday turnover. please guide me.because of allowing 5 day credit the ledger summation is 1crore above.
during the fin year 2016-17 the toal sales 44008675.50 and total purchases 44018349.31 and taxable income -9673 loss.

Dear Sir,

The investor is an NRI. There are multiple investment in the same MF in one scheme. The investments in MF have been redeemed within a year. There is gain on only one transaction and loss on other transactions at the time redemption (All units or entire investment amount). If we see overall there is a loss to the investor. But transaction level, there is short term capital gain for one transaction.

We have taxed @30% (Short Term Capital Gain Tax) on transaction where there is a gain.

The query is do we need to consider overall loss or gain / transaction level gain or loss

Thanks & Regards

Suresh
#9100497900

Dear Experts ,

My query is in relation to the tax saving investment. I have to make some investments in 80-C, to save taxes.

Now, the markets are quite high as described by many investors and as per information available on m any websites. I am not an expert of calculating valuation of market. So i am not sure what the websites or experts say that is truth or not, but still i am relying on what they say. ELSS has short lock in period.

Now PPF is a very safe asset and can give a normal return. But experts say that interest rates will go down in future.

Kindly guide what to choose. As i don't want to loose my hard earned money if the stock market goes down . Also i don't want to loose an opportunity if it goes up.

Will appreciate if someone can guide

Thanks
Akshay

About 10 Years back, bank account as well as Demat/Trading Account was opened by giving full name mentioning Surname also. In the Pan Card data, name with and without Surname was given but the name on Pan Card is without Surname. However there had been no problem of linking bank account and Demat/Trading account with Pan card as full name with surname is available in the Pan Card data.
However in Aadhar Card only one name was to be given so Name without Surname was given. Hence on Aadhar Card the name without Surname appears.. Now while linking Aadhar Card with Demat/Trading account it was not done due to mismatch in name.
Please advise as to how this problem can be resolved. The name on Aadhar can not be changed now as it is already linked to other accounts where no mismatch in name is.