16 July 2020
I have done f&o trading from my grandfathers money and i have no income and have lost 8 lakh in f&o trading my turnover is less than 1 crore so should i require to present my loss as i have no income
16 July 2020
If i do not show f&o transaction will there be any problem as it becomes difficult and hefty and it contains only loss no profit so why should i report it
16 July 2020
Thank you sir but which itr i should file as i am under exemption limit of 2.5 lakh and i am not salaried and will i need to get a balance sheet prepared or just file the return without balance sheet as i am not reporting loss.
17 July 2020
Thank you sir but i have received a message your pan has been flagged for not filing of itr for the financial year 2018-2019. Tax has been deducted on fd which is matured in 2018-2019. Is it because of tax deduction? i was having fd of 150000 In bajaj finance on which tax has been deducted.
31 July 2020
I have no income and I am under 2.5 lakh exemption limit but i am having 15 lakh loss in f&o in 2019-2020 also. So should i file itr in 2019-2020 my overall turnover including equity and equity derivatives is 75 lakh.I have used grandfather and my father money in f&o so will this income club.
31 July 2020
I have no income and I am under 2.5 lakh exemption limit but i am having 15 lakh loss in f&o in 2019-2020 also. So should i file itr in 2019-2020 my overall turnover including equity and equity derivatives is 75 lakh.I have used grandfather and my father money in f&o so will this income club. Will i have to show the source of funds and prove that money is of my grandfather and father.please answer the query
05 August 2020
Sir i have 60 lakh derivative turnover and 15 lakh loss can i take presumptive taxation scheme and avoid loss showing in itr by showing 6% profit as all transaction are digital in my trading account.please tell will it be right or will i get notice for this
CAclubindia
