Filing of income tax returnsv


This query is : Resolved 

11 August 2016 THERE IS A CLIENT HE FILE ITRV AND HE DINT SHOW SECTURITIES LOSS OF 350000 AND THE TRANSACTION WAS OF 3 CRORE.NOW HE GOT A NOTICE FOR CLARIFICATION..AND ALL THESE WAS OF AS YR 2014-2015...PLZ HELP....HE WAS INVESTOR....HE SHOW HIS SALARY INCOME AND OTHER INCOME IN ITR....PLZ HELP EXPERTS.....

11 August 2016 It is left to the option of the assessee to declare short term or long term capital loss in the return. Reply to the notice as your client is an investor and incurred only capital loss hence not disclosed in the return.

11 August 2016 Sir 3 crore ka transaction Tha ND he dint done audit also

11 August 2016 Uska penalty lagega na

11 August 2016 Only in case of share trading, day trading audit is required. In case of investment tax audit not required and no penalty levied.

11 August 2016 OK thnku sir

11 August 2016 Sir sec reference plz

11 August 2016 It is the practice followed.

11 August 2016 Sir it officers kuch bolega to nhi na

11 August 2016 K sec reference do... And all becz it's mah first case

11 August 2016 Sir plz reply

12 August 2016 You say it is an investment they will accept and drop the case.


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