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ITR AY 2018-19 Query Urgent Please

318 views 9 replies

Nostradamus !!

154 Points Joined April 2017

Sold Jewellery resulting Long Term Capital Gains under which column it should be mentioned in schedule CG of ITR - 2

Replies (9)

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

210168 Points Joined July 2016

Schedule CG........ Sr. no. B7 'From sale of assets where B1 to B6 above are not applicable'

Sub sec. (ii) ... 'Full value of consideration in respect of assets other than unquoted shares' ...

Nostradamus !!

154 Points Joined April 2017

ITR 3 U/S 43(5)

Where (Sheet / Column) to mention profit earned by trading in equity OR futures and options for intraday (non-delivery) basis.
thanks®ards

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

210168 Points Joined July 2016

Its business income and hence reflect in 'P&L acc.' and 'BP' sheets..

In case profits declared are more than 8% of turnover (be below 2cr).. the same may be declared under 'No accounts maintained option'

Nostradamus !!

154 Points Joined April 2017

Sir,

BP under which column?

F & O Profit approx ₹ 20000
And
Equity intraday Loss approx ₹ 1500
Thanks

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

210168 Points Joined July 2016

Schedule BP

Computation of income from business or profession

What is the turnover for both intraday & F&O?

Sir,
Thanks for above.
One more question please

Partnership firm dissolved in FY 2017-18 and one out of two partners expired in July 18

Is it necessary / compulsory to file ITR for AY 2018-19?

Please note that the said firm was running in loss from last few years.

thanks