Hello,
Just came across this question but could not find the right answer.

You are given the following information about corporate stock P and the market:

Risk-free rate is 7

The expected return and volatility for corporate stock P is 7 and 33 respectively.
The Expected Return and Volatility for Market is 6 and 12 respectively.
The correlation between the returns of corporate stock P and the market is 18.
Assume the Capital Asset Pricing Model holds.
Calculate the required return for corporate stock P?
Could somebody solve it?
Thanks in advance.

Dear Sir/Madam
wef 1-7-21, under income tax act , purchaser has to deduct TDS on purchase of goods or payment made above 50 lac . There are some doubts about transactions, kindly help
1) Purchases is made in April month supplier has made TCS on Bill . Total bill AMT is 65 lac ,payment is made in July 55 lac - rest to be made in Aug . Whether TDS 194Q is applicable - on which AMT ? (TCS already by supplier)

2) Purchases made from Vendor in May June 45 Lac & in July 25 Lac ( He did TCS on 45 Lac) ,Payment made to him in July 40 Lac & rest to made shortly . Whether TDS would be applicable ? AMT ?
Thanks in advance

Today I tried to file my income tax for AY2021-22.

To my horror, I discovered that the I am charged Rs.5,000/- under Fee (Section 234F), apparenltly beacuse today is 1st August 2021 and I have therefore crossed the usual last date 31st July 2021.

This means that the date extension to 31th September 2021 is not yet incorporated in the software.

Kindly advise, what should be done.

Hi,
I joined a new company in NOV 2019 where I got a joining bonus and paid TDS on that bonus in AY 20-21 / F?Y19-20; ITR also filed.

Please advise how can i claim that TDS paid on bonus (which technically I don't have) and claim of refund or ajustment in current year ITR return AY 21-22?

Thanks,
Danish

DEAR SIR


HAS THE DUE DATE FOR FILING IT RETURNS BEEN EXTENDED FOR FY 2020-21.
I WAS FILING RETURNS TODAY. BUT IN THE FINAL PROCESS IT SHOW SOME PENALTY OF RS.1000 U/S 234.

I HEARD THAT THE LAST DATE FOR RETURNS IS SEPT 30, 2021
THEN WHY PENALTY IS SHOW,

IS THERE ANY PENALTY FOR FILING THE RETURN OF A PERSON WHO'S INCOME IS NIL(nil) RETURN.

THANKS AND REGARDS
SURESH

Respected Experts
Plz clarify a doubt. If a person takes GST registration voluntarily to apply for a tender. Fails to get the tender. Now His turnover from other business of provision of GSTable service is less than 10 lakhs and rent income of 2 lakhs both under his PAN. Is he still required to follow all GST requirements like raising GST complaint invoice, deposit GST and File returns. Or is there any other option available to him.
Thanks in advance.

I joined the job in May 2020. But, my employer started deducting TDS from salary since Sep 2020. 

Form 26AS is showing the salary amount from Sep 2020 onwards. Even provisional form 16 from TRACES website shows Salary from Sep 2020 only.

But, Form 16 from employer shows salary from May 2020 onwards.

However TDS is same in both the forms.

Which salary amount should I consider while filing ITR? Can I let go of the amount paid to me from May 2020 to Sep 2020.

Because, I think that Income tax dept verifies salary and TDS amount from 26AS only.

Or, do they have access to the form 16 issued by employer too. 

Expert opinion requested.

Till FY 2019-20 I was considering Dividend payouts from Mutual Funds ( based on receipt basis , that is, when the Dividend was credited into my bank account. As the total dividends were less than Rs 10 lakhs, this was exempt.
Now from FY 2020-21, Dividends will be taxed in our hands . While considering such Dividends, I found that two dividends received by me in April 2020 was actually of FY 2019-20 as the Mutual Funds have not covered these in their Form 16A.
Had I included these in my Return for FY 2019-20, these would have been exempt. But now in FY 2020-21 it becomes taxable. Is there any way to claim a relief?

hello, if i become nri is it mandatory to tell bank that i have become nri?
if required then in how much time?
if i have any loans running for business or home loan will i have to close or those will continue?

i have been paying all my emis timely and will continue but don't want to close just because i become nri.

Epf employee workings in a factory demise after long illness, his last five month epf contribution was 0, Is he eligible to get EDLI benefit? Please answer.