Igst credit 50000, Cgst credit 10000, Sgst credit 10000 available, in such case outward igst liability 5000, cgst outward liablility 15000 and sgst outward liability 15000. In such case can we use full IGST credit 50000 against IGST, CGST and SGST liablility?

1) Hello, I'm filling under the new regime from this year onwards. I've only F&O income (ITR 3). For selecting nature of business, should I go with:

a) Financial Intermediation Services -> Investment Activities/Other Financial Intermediation Services n.e.c.
(Which one of the two?)

OR

b) Other Services -> Other Services n.e.c.

If it's some other option, please let me know. Also, didn't see code 09028 anywhere.

2) Also, I keep Mutual Funds, stocks, ETFs pledged with my broker & use that for Option Selling. Free cash is only around 5%. So, 'Proprietor's Capital' should include the pledged part or just the free cash?

Thanks.

Background: I have a proprietorship business with Annual turnover of around 30 lakh and profit around 5L ( after business expense / depreciation and all other deduction).

This week i started doing intraday trades

Details
Absolute turnover: 13000
Loss: 200

what if i stop now? Is audit compulsory in that case?

Also Let us suppose i make similar trade in 52 weeks in an year.

My absolute turnover would be : 6,76,000
Loss: -10,400

Is audit compulsory then?

where can i learn about this more ?

Greetings !

I have intraday losses, short term and long term capital gains.
No salary income or no business income.

So in ITR 3,
1. which section among 44ad/44ada is to be selected ?
2. what to be mentioned in Schedule Nature of business ? (business code, name etc)

Kindly clarify my doubts,
Thanks in advance.

Dear sir

Please guide as to the accounting entries to be passed in case of the following situations

1) issued yourselves dd to cheque to bank for preparing a dd of rs 5000 in favour of xyz ltd.

2) dd issued to xyz was returned by them

Dear Sir,

An Assessee is having an Income from Long Term Capital Gain without STT and Long Term Capital Gain with STT I'm filing ITR-2 for him for A.Y. 2023-24, I'm considering Long Term Capital Gain with STT in Schedule 112A now my concern is that where shall I consider his Long Term Capital Gain without STT while Filing an ITR-2, kindly advice.

Warm Regards,
Aditya

Whether a person can become a Managing Director of a Private Ltd Company without share holding? If so, whether he has to obtain DIN and conditions if any.

Explain Calculation for relief under section 89 for "GRATUITY"?

Thanks in advance.

How to rectify It.
In GST Returns 3B shown more Cash Paid Instead of actual paid and also wrongly availed GST Input and Utilized , These are regular basis Mistake, Mistake in GSTR-3 B November 22 Onwards to May 2023. How to rectify it.

My Mother in Law gifted me 10 shares of TCS on 30/05/2022. what journal entries has to be made to record the this transaction in both our books . Please also let me know what entries to be passed in tally for the same in both our books of account.