Looking for URGENT help in filing ITRs for AY 2021-22 and for AY 2022-23 in Delhi

ITR 363 views 17 replies

guys, looking for some expert to help me in ITR filing of startup business , which is in pre-revenue phase...

its urgent please

Replies (17)
Is it company or partnership or sole proprietorship or others ?

sole proprietorship as of now

Read more at: https://www.caclubindia.com/forum/looking-for-urgent-help-in-filing-itrs-for-ay-2021-22-and-for-ay-2022-23-in-delhi-588090.asp

You can do yourself from e filing portal

am bit confused, , how to allocate cost incurred on effort and resources spent on stock trading , for ST capital gains.....my effort split is between business initiative and shares trading

Generate tax report from brokerage app to get the summary of trading gains or losses

that i have, but do we allocate infra /office costs etc... to capital gain profits...

No.You can't allocate office costs to capital gains

ok so somewhere i have seen , ST capital gains (beside intraday) can be considered as business gains and added to income ....if considerable effort and resources are spent on trading 

If you have share trading is the only source of income then Income Tax dept has given option to tax payer to consider the profits from equity under PGBP

ok currently only income in FY 20-21 was from equity, and majorly ST capital gains.....how do we show in business in 44 ADA or need to have balance sheet to show cost

Show 6% profit under business 44AD

so ST capital gain from share trading can be considered as business income with 6% of the gain as net profit ???

can u help on this today to review my revised return for AY2021-22, for which last date is  tomorrow, I am fine to compensate your suggestions/efforts...though income is small but can't afford to make mistakes this time.... may save few thousands from tax at this time is considerable for me

Yeah.Declare 6% on sale or turnover and pay applicable tax

is it 44 AD or 44ADA,

in 44ADA its 50% for professionals and 44AD is marked for business in clear tax.....I do not have any registered business...
ST is around 4.66L and LT 98K...for FY 20-21


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