Future & Option Business is not a speculative business, its a normal business as per Sec 43(8). Also the criteria for audit is different , it is covered in Audit if the Profit & Loss taken in absolute exceeds the 44AB Limit. But how is the presentation in the ITR is to be done. Whether the Total Sales Less Purchases is to be shown in ITR or in some other way it is to be done. For Eg. Total Purchases is suppose 1.20 CR & Purchases is 1.18 CR then the Loss is 2 Lacs. I Suppose in ITR we have to show Total Sales as 1.18 Less Purchases 1.20 Loss 2 Lacs Loss

if an Indian citizen working in Dubai and he getting salary there, on that salary will apply any tax?

I dont understand this equation Capital=Asset-Liabilites Liabilities=Asset-Capital .Please help me to understand this...

Sir

I am a b.com (Hons.) 2012 and CA qualified 2014 want to persue any master degree course, or post graduate degree etc. can u suggest me whether m.com is better or mba or any other course. the university from where i can do.

my future plan is to do job for maximum 5 years and then might be i will start practicing CA.

please suggest.

Hello Sir,
I transfer my article ship within 1st year on 17th FEB 2014 and i registered with another CA on 20th FEB 2014,
i received termination letter but till the date i didn't get New registration letter.
so please suggest me for receiving a letter.

Thank You

I have a flat which has been given to tenant on rent now he is not doing vacant of my flat against he is demanding Rs 500000/- I want to sale may flat to other one. I have settle the matter and give hive Rs 300000/- by cheque as compensation now how I will treat it. is it assumed addition cost of my flat.is it right?

Hi all,
I have a problem.
A person was retired on Sep 13. He was a Doctor. So he started providing consultancy service in different hospitals. Hospitals make payment after deducting tax u/s 194J.
26As shows his Income tax u/s 192(Salary) and 194J(Profession).

Can any one guide me which ITR is applicable for him for the AY 2014-15.
Whether it is ITR 2 or ITR 4
Thanks

A friend of mine will be obtaining a Portuguese citizenship soon and will be moving to Portugal in January 2015. Hence for the financial year 2014-15, he will be a tax resident of India and will need to file the tax return for FY 2014-15. On account of the above,
* Will he file the return for FY 2014-15 as a "resident" (status), even though he would have moved to Portugal in January 2015?
* Does he need to inform the tax authorities about the change in his nationality?
* On account of the change in his nationality, does he need to surrender his old PAN & apply for a new PAN (non-resident)?
* Will he need to file a tax return for subsequent years if the income earned by him in India, if any, is below the taxable limit or if he does not receive any income in India?
* Are there any tax implications for remittance of funds (savings) from India to Portugal?
Thanks

Hi,
I completed my C.A in 2005. But I did not practice. Now I wish to start working but i am clueless as to how should I start? Can anyone please guide me as to what should I do? How should I start? What should I do to update myself to current practices? Where all can I apply? I am looking for job in Gurgaon.

what is the minimum income which is liable to file e-return according to me it is 5 lacs but is it before or after deduction u/c VIA?

Plz reply soon