If a Salaried person perform frequent future & options transaction and incurred some loss as a whole. Also turnover is less than 1 crore.
please suggest the following:
1. If Tax audit is compulsorily required for carry forward of losses in the transaction?
2. Is it a speculative business or non speculative business?
IN CASE OF FILLING OF FORM ITR -4 WHETHER IT IS COMPULSORY TO FILL COMPLETE BALANCE SHEET OR WE CAN FILL FIGURES OF SUNDRY DEBTORS, SUNDRY CREDITORS, CL. STOCK AND CASH IN HAND ONLY IN CASE OF NO BOOKS OF ACCOUNTS MAINTAINE AND CAN IT DEPTT. MAKE RETURN DEFECTIVE IF WE FILLS ONLY 4 FIGURES IN OUR ITR-4.
I am trying to fill the ITR 2 and based on my income from house property, I have to pay an additional tax of ~15K INR. I do see a link in the ITR form that leads to the TIN-NSDL site. However, there are multiple forms there. I am wondering which form I should use to pay this additional amount?
Is it Challan no 280? If I simply fill that form and make payment, is that sufficient?
Note: I have a flat that I own and my parents stay there for the past few years. I do not receive any rent from them. They are dependents on me. I am currently residing in another flat. My first flat is 'deemed to be let out'. I did not declare this to my employer therefore the tax was not deducted at source.
I have two home:
1. Self occupied: Interest on home loan > 2 lacs
2. Put on rent: Income = 3 lacs, Interest on home loan > 5 lacs
I have two questions:
A. Do I need to file ITR1 or ITR2?
B. How much exemption will I get? Only 2 lacs or 2 + 2 = 4 lacs?
Thank you very much in advance!
Manoj
Hello Experts, I have purchased Furniture costing Rs. 130000/- & payment made in steps less than 10000/- in a day. What should be the cost of the asset for the purpose of depreciation. Is there any dis allowance of capital expenditure or depreciation. Waiting for reply. Thank you.
Dear sir,
In over organization total 49 employees are worked out of which we have have deduct TDS from Salary of around 11 employees. Now please let me know whether i have file e-TDS return for all 49 employees or only for 11 employees.
Thank you,
Tejas Gandhi
I have a client with income from photo studio as salary and he also doing some individual wedding programmes with his own camera on his own
Which itr need to be filled???
What is to be shown as his source of income???
WHETHER LAB TECHNICIAN COVERED U/S 44AD OR 44 ADA