Share trading loss
This query is : Resolved
Vikash Nahata
(Querist)
18 August 2013
Hi!!
My client incurred a loss of Rs 3 lacs from share trading business on turnover of Rs 25 lacs. He has an other income of Rs 8 lacs. Whether he has to get his accounts audited u/s 44AB and 3 CD has to be filed?
Pls confirm.....
Can we file manual income tax return for the same. This is pertaining to AY 2013-14.
Thanks & Regards
My client incurred a loss of Rs 3 lacs from share trading business on turnover of Rs 25 lacs. He has an other income of Rs 8 lacs. Whether he has to get his accounts audited u/s 44AB and 3 CD has to be filed?
Pls confirm.....
Can we file manual income tax return for the same. This is pertaining to AY 2013-14.
Thanks & Regards
CA PARAS BAFNA
(Expert)
18 August 2013
MANUAL iNCOME TAX RETURN CAN NOT BE FILED AS
IN THIS CASE AUDIT IS COMPULSORY.
.
IN THIS CASE AUDIT IS COMPULSORY.
.
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
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
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
