My self Priyanka Masand,
I cleared my CA Intermediate exams on May 23 but my articleship was over in the month of Feb 23.

My question is, am I eligible for CA final exams on Nov 23?

We have created a trust and a school run under the trust. We want to file ITR for last financial year.
Please guide me regarding the process.
Is there need for GST number or registration in Income tax department. Please guide me regarding the same.

Respected experts please guide on this.
A intimation was received whereby CPC gave tds benefits of only 5 lakh as against 10 lakh appearing in 26AS a rectification was also filed but in vain now want to appeal against rectification order so in appeal filing detail of form 35 under the point is appeal related to assessment shall be filled or not. Kindly provide guidance.

Hi

One of client (retired person)withdraw 75% fund in 2020 under superannuation annuity plan and now getting superannuation pension for fy 2022-23 ay 2023-24 .Whether this superannuation pension is taxable or exempt in hands of client ? under which conditions we can claim exemption or deduction for superannuation fund pension for retired person?

Hello,

Every year I fill ITR 4 for presumptive basis of taxation for FNO trading. This year I saw that they have introduced a new compulsory section for assets and liabilities declaration for reporting purposes.

What can I fill for assets when I have some money in the brokerage account and remaining blocked as margin for FNO trading?

Hi

One client registered their partnership firm last year but not started any business or business with very minimum output but got pan card under partnership business name.kindly suggest while filing itr 5 for fy 2022-23 ay 2023-24 with zero turnover and zero profit whether partnership firm need to do tax audit for zero turnover or not.Just filing of itr 5 with zero value is sufficient to do compliance only.

if this intimation is there for refund what to do
Your Return for A.Y. 2023-24 has been processed. There is no payment due.

Hai Team
I had written 2nd group inter exam under unit 10 scheme and had exemption in Paper 8 FM and Economics by writing unit 10. In my May 2023 attempt I got exemption in Paper 5 Advance Accounting.
Can I claim exemption on Paper 5 Advance Accounting for November 2023 exam?
Kindly clarify. Your clarification will be helpful.
Thank you.

Dear Experts
Client has profit from his professional income being a doctor 6 lakh. Turnover is 10 lakh so profit from profession is more than 50%
He has loss in F&O trading around 2 lakh. F&O turnover is 5 lakh
However, while filing ITR, getting an error that net profit from profession is below 50% and you are liable to tax audit.
as when we file combined P&L in ITR, Net profit is 4 lakh ( 6 profession and 2 F&O loss )
Turnover from Profession 10 lakh and F&O 5.
ITR is considering Profession turnover of 10 lakh and giving a warning for tax audit as profit falls below 50% in P&L account
Kindly guide with your opinions. Whether the tax audit is required ? But respective turnovers are below the applicable limit

For under construction Building cost incurred for ATT Reticulation systems.
whether should be capitalised.