CA R SEETHARAMAN's Expert Profile

Queries Replied : 42596

I am a retired Executive Director/Finance of a Navratna PSU.

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Ramesh says : HI Sir,
I have traded in F&O and incurred a loss of 15 lake with turnover of 91 lakhs. Should i need to report this loss in my ITR. My gross salary income is 6 lakhs. I don't want to show the loss in ITR? or shall i reduce the loss and file ITR? Will that be a problem for me? Please let me know sir

Member (Account Deleted) says : Tax credit mismatched
Sir thank you for reply. Rectification link not available for assessment year 2018-2019

Member (Account Deleted) says : Tax credit mismatched
Sir I filled ITR1 for AY 2018-2019 on 26/06/2018 and processd on 20/07/2018 and I received intimation letter u/s 143(1) with less refund and it's showing tax credit mismatch.can I fill revised ITR after received refund/Rectification for 2018/2019 not available.

Aiswarya says : 44AB Applicability
Dear Sir, My Assessee is a Partneship Firm,having Turnover less than 1 Cr and profit is less than 8 % whose is not opted for 44AD in any previous years.Whether it is liable for 44AB tax Audit??

jagdish says : NoTDS on interest paid but receiver is paying tax
Hello Expert, Kindly guide me on - in case of Tax Audit if there is an interest paid on loans received from friend and TDS is not deducted on the same. My friend from whom loan is received is paying tax on the interest portion. What should be the treatment given in the Tax Audit Report. Thank you.