B S

1. Is any registration, license or certification mandatory for providing training/coaching for "Online Commodity Trading - profitable strategies" to interested persons or a fee, via online & offline mode?
2. I wrote to the SEBI requesting clarification, but they too failed to respond with a direct answer and instead asked me to go through the FAQ's for 'Investment Advisors' on their website. So my second question is does the above fall under an 'Investment Advisor' (IA)? If yes, how, because I will not be giving any investment advice & next I will be providing training only for Commodities and not Securities/Equity Stock market, so how will it fall under an 'IA'?
Thanks in advance for all who may respond.


D Das

Hi,

I want to know whether income tax on Dream11 winning for FY 2022-23 is on net profit (amount withdrawn - amount deposited) or is it on the total amount withdrawn from the app ?


JAANU
26 June 2023 at 15:47

TAX AUDIT FOR FASHION DESIGNER

Hello All,

My mother is running a business as a fashion designer, she designs dresses for her customer, there is no purchase of material or sale of material but just job work charges and tailoring charges. Her all receipts and payments are in cash. we make payment to tailors in cash and deposit balance amount in bank. our annual turnover is Rs. 8 Lakhs and expenses are 6 lakhs. does she need to get tax audit?

Her other sources of income are interest on FD, Share market dividends which are amounting to


tejaswinee

Hello,
Can someone please let me know what shall be the Business Code if I need to file ITR 4 under Presumptive Taxation for an AC repair service provider. Business code 21008 other service is not accepted by the portal.
Thank you


RAVINDRA KUMARpro badge
22 June 2023 at 12:36

DEPRECIATION ON LOSS OF ASSET

WHAT TREATMENT OF DEPRECIATION SHOULD BE MADE IN CASE OF LOSS OF TRUCK DURING YEAR-2022-23 IF THE TRUCK WAS PURCHASED IN YEAR-2018-19 ?


Daya

whether GST Input can be claimed for Cement, Iron etc for Factory construction, if not eligible please reply under which section it is eligible.


G V Reddy
22 June 2023 at 11:26

License Fee on literary works

1. I am an author. A school chain is using my novels in their textbooks under a licensing arrangement.

Is the licensing fee taxable?

2. I receive royalty from amazon.com. 15% of the royalty is withheld in USA. Can the amount be reduced from my tax liability in India? If so, how do I apply for it.

Thank you.


Suresh S. Tejwani
22 June 2023 at 11:25

BANK OVERDRAFT IN DPT - 3

IN CASE OF BANK OVERDRAFT - BALANCE OF BANK OD NEED TO SHOW IN A loan or facility from any banking company or NBFC ?

AND HOW TO SHOW BANK OD AGEING - SINCE IT DIFFRCE YEARLY ?


ANIL BHATI

MY CLINT HAS HSG LOAN PAID IN FY 267858 RS TOTAL =PRINCIPAL COMPONENT 214939.00(RECEIVED SUBCIDY FOR GOVT.) AND INTEREST COMPONENT IS 52919.00 RS SO MY QUESTION IS WHEN I FILE THE RETUN AND I M ONLY TAKEN HSG INTEREST REBATE NOT TAKEN 80(C) DEDUCATION HSG REPAYMENT SO PLZ SUGGEST THIS POINT IS RIGHT OR WRONG.. I don't want 80C exemption IN HSG REPAYMENT NOT ONLY FOR INT DEDUCATION FUTURE DEPARTMENT NO ASKING QUESTION


shyam

If a person has 2 business 1st cloth business in which he avail 44AD his Turnover is less than 2 crore i.e 10 lakh and Profit is more than 8% i.e 1.2 lakh and another business is of F&O in which his turnover is 30 Lakhs and having loss of 3 Lakhs and he maintain book of account in case of F&O business did audit applicable?






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