Sir,
Please solve my below query:
1. My friend salary earning from pvt job during the financial year 2019-20 is below Rs. 3,50,000
2. He also doing trading activity i.e Share buying and selling through his own demat account. during the financial year 2019-20 his profit & loss statement showing Rs. -428.12 loss for speculation, Rs. 7652.33 profit for Short term & Rs. 95.45 profit for long term.
Kindly suggest us which ITR return applicable for financial year 2019-20
Thanks & Regards.
Hi,
I worked for an employer for 7 months in this FY, and later withdrew my PF (which had only 7 months worth of amount), I have below questions:
1. can I deduct my own contribution to the PF as 80C deduction in ITR?
2. employer has already paid TDS for their contribution in the EPF, but not on mine, do I need to pay taxes on my contribution too?
Thank you
Hello, I am a seller on Flipkart from Delhi (Gst is also registered from Delhi) and wish to send my products to Flipkart's warehouse in Bangalore and Kolkata ( since I'm eligible to send products to these Warehouses). However, I'm unable to list these Warehouses in my gst portal. Can you please help me as to how should I proceed?
I have loss on f/o trading (non -speculative) loss of Rs 2,80,000
and
1.speculative profit Rs 2,110
.short term profit on shares Rs 25000
.salary income 450000
.capital gain on property selling
Rs 20lakh
bank interest on s/a
Rs 51000
how I set off non speculative loss and with whom?????
##I got answer that it can set off with any other income except salary income
But
For non speculative loss means (loss in f/o trading) Rs280000
audit. is compulsory?????
sir turn over is not exceeds 1crore, but loss in f/o trading, loss means less than 6per.. income, that's why my question is audit is compulsory ,what to do plz clarify
A charitable Trust recently registered u/s 12AA and for exemption u/s 80 G , during the financial year 2019-20, it has received donation of Rs 5000/- and spent for charitable purpose more than donation received, is it necessary to file Audit report for the claim of exempted income
Dear Sir,
one of our client has purchased the property in cash of Rs 6.90 Lacs in F/y 2014-15. Is there any restriction on purchase in F/y 204-15 property in cash. If there is penalty in which section.
R/sir,
One of my client is regular tax payer and he is work contractor taking gov. contracts like zilla parishad. he is tax deductor and filed GSTR-7.
My question is how can i show Gst @12% tax to zilla parishad in GSTR-1.
Thank you so much in Advance.
Inventory accounting records is compulsory for 1.5cr below turnover limit for composite dealer and regular scheme both type of Dealers in gst act.
Can a newly established foreign company open a liasion office in india.
My agricultural land satisfies the conditions as specified for the rural agricultural land i.e land is situated at a distance of more than 8 km from the municipal corporation and population less than 10000. But I wanted to know if whether sale of this land would be taxable if some development was done before the land could have been sold to the purchaser.
ITR Return Applicable fy 2019-20