please help its urgent
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 July 2010
1)
does for even cash intraday trading is to be filed in itr 4
2) which schedules i should fill in itr 4 for salary income and speculation business losses, & what code is to be filled in nature of business
3) how to compute total loss figure
a) is it day to day net profit or loss
b) whether i can include brokerage+ service tax+ STT as an expense or it will be included in loss
4) as it is a speculative business is it need to be audited if turnover exceeds
40 lakhs
if yes
how to calculate turnover
a) each transaction profit or loss figure
b) day to day profit or loss
does for even cash intraday trading is to be filed in itr 4
2) which schedules i should fill in itr 4 for salary income and speculation business losses, & what code is to be filled in nature of business
3) how to compute total loss figure
a) is it day to day net profit or loss
b) whether i can include brokerage+ service tax+ STT as an expense or it will be included in loss
4) as it is a speculative business is it need to be audited if turnover exceeds
40 lakhs
if yes
how to calculate turnover
a) each transaction profit or loss figure
b) day to day profit or loss
29 July 2010
ANS 1 : YES ITR 4 FOR INTRA DAY TRADING BECASUE IT INCOME FROM SPECUALTION BUSINESS.
ANS 2. SCHEDULE B , ROW NO 38
ANS 3
IN EXCEL DATA , DAY TO DAY PROFIT & LOSS
YES, STT/BROKERAGE,SERVICE TAX IS ALSO PART OF LOSS.
ANS 4. YES TAX AUDIT IS NEED IF TURNOVER EXCEEDS 40 LACS.
FOR CACULATE TURNOVER , YOU NEED TO ADD EACH TRANSACTIO PROIFT & LOSS FIGURE WITHOUT SEEING -.
ANS 2. SCHEDULE B , ROW NO 38
ANS 3
IN EXCEL DATA , DAY TO DAY PROFIT & LOSS
YES, STT/BROKERAGE,SERVICE TAX IS ALSO PART OF LOSS.
ANS 4. YES TAX AUDIT IS NEED IF TURNOVER EXCEEDS 40 LACS.
FOR CACULATE TURNOVER , YOU NEED TO ADD EACH TRANSACTIO PROIFT & LOSS FIGURE WITHOUT SEEING -.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- MSME disclosure and disallowance
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Issuing of delivery challan by seller of goods
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
