Anonymous
20 July 2017 at 00:15

Tax treatment of intraday charges

I have a query on tax treatment of intraday charges (like STT, brokerage, Exchange charges and all other taxes) that we incur during intraday trading (speculative business income).

Can intraday charges be used to show as expense for business income to reduce taxable income for current FY or do these charges have to be carried forward similar to intraday losses and can be set off only against speculative gains in any of the next 4 FYs

Eg. For FY 2016 – 2017 my intraday charges are Rs.1000, intraday losses Rs. 3000 and business income is Rs.50000 so can I reduce my business income by intraday charges ie Rs.1000 to show my taxable income as Rs.49000 for FY 2016 - 2017
Thanks


Harsh Sharma
19 July 2017 at 22:25

Knowledge

I have been completed my 12 the class in 2012 but due to some problem I didn't do it my graduation , could I complete any diploma for accounts subject , currently I have been working ,so what I do for my career ,please suggests me


anu saini
19 July 2017 at 22:05

gst liable

is gst liable on labour salary and who will pay owner or labour


DEEPAK
19 July 2017 at 21:47

ITR Filing query.

Can person revise ITR for AY 16-17, if he already took refund for Rs 2000in original return .Now he want to claim additional refund of Rs 2200 which he couldn't claim bcz of non availability of form 16A. Can he revise now??



Anonymous

I am partner in a firm.Suppose the firm's turnover For the F.Y. 2016-17 is Rs.48,00,000/-. Net Profit before interest to partner and salary is 9,00,000/- LAKHS Now if i want to file return under 44AD i will have to Pay tax on Rs. 2,88,000/- (i.e,6% of 48 Lakhs). So can i give interest and remuneration to partner for the balanced amount of Rs.6,12,000/- (9 Lakhs - 2.88 Lakhs) to make my profit as per section 44AD ? As in section 44AD it is mentioned that no salary or interest is allowed as deduction, does it mean that we can not deduct salary and interest from 2.88 Lakhs and can only deduct from 9 Lakhs or does it mean that we cannot at all give remuneration or interest to partner in case we are opting for 44AD and i will have to pay tax on 9 lakh rs. ?


ANUJ PANDEY
19 July 2017 at 21:28

Gift father to Son

If any father want to give (Property)gift to his son than any Paper required for transfer ownership like stamp paper or gift deed there after son has proof that now he is owner of property



Anonymous
19 July 2017 at 20:45

Eligibility for placements

I have passed CA Final in May '17 . I have not done GMCS -2 (now GMCS) and Advanced ITT. I am going to do GMCS before appearing for placements. But I can't do Advanced ITT before Placements due to non availability of batches and even if batches are available, they clash with GMCS or Placements. Can I go for placements ?


Yash Shah
19 July 2017 at 20:36

Registration

Our company is register under company act 2013.
It is a subsidiary company . Chinese company is a holding company .
Now we would like to apply for GST registration so which form is required for registration . Is REG 9 is require for registration ?
Can a Director who is Chinese but status is resident be a authorised person ?



Anonymous

Dear sir, I have a doubt about whether government companies (fully under taken by governments) should register under GST or not and we should charge the GST to government companies at the time of sale.Please clarify my doubts as soon as possible.


thanking you sir....


Anil Ahuja

Sir,.what is the difference between verification of answer sheets and application of certified copies? if I applied for certified copies, then wether verification will be done Suo Moto? or again I have to apply for verification separately?





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