Amit Arora
This Query has 3 replies

This Query has 3 replies

18 August 2015 at 16:54

Salaried person- how to deal f&o losses

While filing I have the following heads of income -
1. Salary = Approx Rs. 6.00 Lac (I have a TDS certificate).
2. Savings bank account interest = Rs. 20,000
3. Capital gains from shares held for less than 1 year = Rs. 5,000
4. F&O losses. (Total Turnover = 4.17 Lac and Loss = 1.31Lac)


Queries
1. Which IT return forms do I have to fill?
ITR 4 or ITR 4S?
Or in case I don’t want to carry forward F&O Losses, can I use Form ITR 2 as well?
2. In case ITR 4 to be used, what information to be put in return since I am a salaried person and not a business man.
3. Do I need to maintain any books? if yes what kind of books.
4. Do I need to get my books tax audited?

Thanks in anticipation.
Amit Arora



Anonymous
This Query has 1 replies

This Query has 1 replies

17 August 2015 at 11:19

Tds -e-return doubts

Dear Sir,

in one company they did not file a tds return for 4th quarter for financial year 2014-15.b due to some problems but for first quarter of financial year 2015-16 is ready wether they can file the current year first quarter if they did not file previous year last quarter please clear this issue


NITIN DAYALJI DAVDA
This Query has 5 replies

This Query has 5 replies

09 August 2015 at 14:02

Guidance.

Retirement EL encashment for the government employee is a totally tax free, even then my organization has deducted TDS on it, now I have to take refund of that amount, but while checking ITR 1,section 10(i) is not shown, so now what I have to do for claiming the refund?


virendra
This Query has 1 replies

This Query has 1 replies

09 August 2015 at 08:52

Which itr form

pls guide I am govt employee. I have salaried income and other income like capital gains(share and mutual fund) including short term, long term, speculative.which ITR form I must use to file .


jagdish
This Query has 4 replies

This Query has 4 replies

I have rented out my flat for annual income more than Rs 180000/00. Tenant being individual is paying me full rent and not Deducting TDS out of rent. I want to pay it , By which form I can pay Tax on rental income. I mean will it be a self assesment tax or how will it come u/s 194l. There is no provision to select a form for Land LordPlease clarify



Anonymous
This Query has 1 replies

This Query has 1 replies

05 August 2015 at 15:36

Which itr form should i use?

I was working with one CA firm for 3 months in F.Y. 2014-15. I got payment of Rs. 30,000 for 3 months. but as I was not permanent employee, they have not showed it as 'salary' instead they paid Rs. 30,000 and deducted TDS @ 10% under section 194J (professional services). Now my question is should I file ITR 1/2 and disclose it as salary or I need to file ITR 4 to disclose it as professional income as they have deducted TDS u/s 194J. Other than this, I dont have any income for F.Y.2014-15 so I want to claim this refund.


Sarvesh
This Query has 2 replies

This Query has 2 replies

02 August 2015 at 00:08

Cash gift

What are the procedures if father want to give cash gift to a children of say Rs 200000/- Is it taxable ?



Anonymous
This Query has 1 replies

This Query has 1 replies

31 July 2015 at 13:41

E-return; filing of

I GOT ARREARS OF PENSION DURING FINANCIAL YEAR 2014-15. ARREARS PERTAIN TO LAST FOUR YEARS. UNDER SECTION 89(I)I AM ELIGIBLE FOR RELIEF AMOUNTING TO RS 9800.

I HAVE KEPT READY FORM 10-E WITH FULL DETAILS.

FORMAT OF e-return DOES NOT CONTAIN ANY COLUMN FOR CLAIMING ABOVE RELIEF.

QUERY;
HOW SHOULD I FILE MY e-return CLAIMING THE ABOVE RELIEF PERTAINING TO ARREARS?


ASHVINI
This Query has 2 replies

This Query has 2 replies

30 July 2015 at 21:08

Filing itr 2

sir,

while filing itr 2 i filled a short term capital gain of rupees 21850 (sale of shares). i also depososted rupees 4200 as self assesment tax for 2014-15(fy).but when i uploaded the return whole amount of rupees 4200 is shown as refund. why did the sheet not calculate the tax on STCG (15%). PLEASE ADVISE. HOW CAN I REVISE THE SAID RETURN.


Vinay
This Query has 4 replies

This Query has 4 replies

Good day,

I have trading company dealing in Ship spare parts. i have 2 query :-

1) My client is in India(Ship Owners) but their ship is trading in Foreign waters, they gave me order for purchase & supply of engine part from Korea to Singapore, i paid to my supplier through bank in USD & raised invoice to India client in INR, now my bank wants inward also in foreign currency. But India client cannot pay in INR as both are in India

2) to the same client i supplied spares from India to Dubai by proper export channel & have customs copy, where as all are tax exempted against H form, i did the export with my IEC code, Invoiced to client in INR as same mentioned in my customs docs, now again bank is saying for any export from India inward must be in foreign currency & not ready to close the case.

pl. guide with correct procedure

Best regards





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