U S Sharma's Expert Profile

Queries Replied : 3069

Industrial Law - Establishment DIC /MSME

Labour Law - ESIC / EPF / LIN (Shrm Seva Portal)

Indirect Tax - Cenvat ( Excise) / Service Tax

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Aijaz says : Income tax query about stock market
Assume x has no other business and trading in future stock and equity stock deliveries (keeping them form2-3 months) is the full time job Can he show himself as trader while filing returns if yes than what will he show for short term capital gains or they will be automatically treated as trader? How will he be taxed and which slab? Below is the example Suppose x has done 10 trades in a full year in futures and got profit of 6lakhs in carrying forward the position and in the same year X has done three delivery based equity share and kept it hold for 2-3 months and got profit of 12 lakhs.. What is the tax liability? Should X show himself as trader or an investor for two different trades… Over all X has profit of 17 lakhs for which tax slab this case fall Short term capital gain or business income.. I Can x opt for 44 ad in this scenario?if no then which ITR should X opt and should it need any documents to be attached while filing e-returns Thanks in advance

HARSH KUMAR BHARDWAJ says : Termination of Articleship
My friend Is doing CA Articleship in Chandigarh and lives in PG on rent of Rs.7000 (including conveyance and food and all necessities) in Chandigarh but his actual residence is in Gobindgarh which at a distance of about 53 or 54 km from Chandigarh. His father has a shop of confectionery but now from the past few months the income of his father is converted to loss. He and his family are now suffering financial crises due to which he is now unable to pay his rent of PG. His is on stipend and his family is paying all his expenses. Now he wants to take termination and to do some job so that he can makes himself and his family financially stable. Is there any provision in ICAI for this situation so that he can overcome from this situation?

Priyanka says : CA and Actuarial together
Hello Sir I am a CA final student. I would like to do actuarial science as well. So i wanted to know whether it will give me any future benefit if i do both? Is atuarial a rewarding career?

Padmanaban Damodaran says : Purchase Raw material without Duty
Dear Sir, We are manufacturers exporters of aluminium powder in Tamilnadu. We need to purchase rawmaterial for further processing and the finished goods will be Exported. Now how do we purchase our rawmaterials with out payment of duty against which forms? Awaiting your suggestions

CA Gagan says : Regarding RG 23
Sir whether it is necessory to print the RG23 No on computerised excise invoice. If not please provide certain supporting for that. thanks & Regards CA Gagan Chaturvedi