ASSESSEE HAS NORMAL BUSINESS HAVING TURNOVER OF RS. 12 CRORE. HIS BOOKS ARE SUBJECT TO AUDIT. SALE OF SHARES 97 LAC AND 1.00 CRORE PURCHASE OF SHARES. TRADING IN DERIVATIVE INTRADAY 58 CRORE. SUM TOTAL OF PROFIT AND LOSS IS RS. 20 LAC AND ACTUAL LOSS FROM SHARES AND DERIVATIVE IS RS. 3.00 LAC. STT HAS BEEN PAID ON THESE TRANSACTIONS AND TRANSACTIONS ARE CARRIED OUT FROM RECOGNISED STOCK EXCHANGE.
QUERY- 1. WHETHER TAX AUDIT APPLICABLE FOR SHARE TRADING AND DERIVATIVE TRADING BUSINESS? 2. LOSS FROM DERIVATIVE AND SHARE TRADING ARE SPECULATIVE LOSS OR NON SPECULATIVE ? 3. HOW TO SHOW ABOVE TRANSACTIONS IN ITR. SHARE AND DERIVATIVE ARE NOT GOODS OR SERVICES AS PER INCOME TAX ACT. HOW TO REPORT IT IN PROFIT AND LOSS ACCOUNT.

Respected Sir,
Kindest Regards
I shall be highly obliged to you for your guidelines.

Query:
======
After downloading GSTR-2-A where are the JSON file and Excel file both are found available as in which folder of our computer.
yours tarique rizvi
982 1630 130

Hi,

Mr. A and B jointly owned a property which they sold for INR 1 lacs. While filing their respective ITRs, will Mr. A and Mr. B in each of their returns show sale value of consideration as INR 50,000 or INR 1 lacs? I don't think there is a section of % share in the property of the seller, hence, there is some confusion.

Thanks in advance.

Sir,
I have noticed that one entry in part E of my form 26AS (FY 2019-20) which is as under :-
PART E – Details of SFT Transaction
Type of Transaction SFT-005 Time deposit
Name of SFT Filer Axis bank Ltd. , TRISHUL 3RD FLOOR, OPPOSITE SAMARTHESHWAR TEMPLE NEAR, LAW GARDEN
ELISBRIDGE, AHEMDABAD, GUJARAT, INDIA, 380006
Amount (Rs.) 1120000.00
This entry does not belongs to me. I have no connection with this branch of Axis Bank and I never went to Ahemdabad, Gujarat.
Please guide me what to do for removal of this entry from my account.
With regards
S K GOEL.

what is due date from october 2020 onwards
GSTR-1
GSTR-6
GSTR-3 B
Monthly return.

whether TDS would be deducted on security money on Advance given to landlord.

Good Afternoon ,

I want to apply for a new Pan card in case of a society that is an educational society runs a school, my query is in which status it be be applied
1. Artificial Juridical person
2. Trust
3. Or any other category

please suggest me .
Thanks

Dear all,

During the year 2019-20, I claimed 23000 ITC on vehicle repair/insurance. But now I come to know that ITC on vehicle repair/insurance is not allowable under GST Law. Anybody please suggest me what to do next. I have near about 50000 ITC credit available during the month of September-2020 and have not filed GSTR-3B yet.

Please somebody help out me

Thanks

A un registered dealer gst liability April-2019.but dealer new registered composite scheme in gst act October-2020.
Question:
1.dealer two different periods (april-2019 to September-2020) gst tax payable compulsory.if two different periods turnover show producer in composite return.

HI ALL,

pls let me know if gstr3b and gstr1 from march 2020- august 2020 could be filed now.

if any late fees would be charged for filing those returns now( after the extended duedate due to covid-19)

Timely response is appreciable ,
tnx.