GST rate & SAC code for Sandstone carving (Jali, Jharodha, piller), designing job work

Dear Experts,

The assessee has derived long term Capital Gain u/s. 112A on listed equity shares on different dates during the FY 2023-24 and reinvested in residential house eligible for section 54F. In the return of income, while claiming the deduction, date of transfer of original assets is to be filled in. Here, there are 8-10 scrips sold on different dates. Which date is to be put in the column? Or each and every scrip is to be put in the column calculating gain on each scrip?

Please advise.

Thanks and regards,

I wish to show Equity and ETF Short Term Delivery based Trading as Business Income as client is doing Stock Market Trading Buisiness in All Intraday, Delivery, F&O & ETF Trading. As his Turnover of exceed above 1Cr but lower than 2 cr, I need to show his Turnover & Purchase Cost of Short Term Delivery Trading & ETF in proper column as this turnover is reflected in AIS & need to matched with ITR Figures (For Intraday there is specific column in PART A-Trading Ac point 12 & for options Turnover need to be reported & only profit/loss shall be reported as per my analysis). Also in last year I filled his ITR US 44AD with Professional Medical Buisiness & not shown his trading income/loss anywhere. His this yr income is below 2.5 (it is in loss) from all above activities hence I think Audit is not mandatory. Kindly Suggest is I m correct on my view and how to show this.

Dear Sir,

He has only salary income and trading income of ₹14,000 from the Indian stock market in FY 2023-24. Which form should he use to file the income tax return? He filed ITR-1, but received a defective return intimation under section 139(9). Should he have used a different form?"

Sir,

I want to have some clarity regarding the provisions of rebate under section 87A of income tax Act 1961. As per the relevant provisions, if a person opting for new tax regime, he/she can avail rebate of Rs. 25,000 or amount of tax whichever is lower if total taxable income does not exceed Rs. 7,00,000. But in Case of an individual whose taxable income was Rs. 6,80,000 out of which Rs. 35,000 was short term capital gain taxable @ 15%. Total tax liability comes to Rs. 24,750.So, as per the rule whether the person can claim rebate under section 87A. If we fill the details in the ITR form online mode, Rs. 5,250 was shown as tax liability. Is it correct

I had joined my previous company in June 2023, at the time of joining I was paid a joining bonus and relocation bonus. For some reason, I had to leave the company in 3 months and return the total of these bonuses back to company, when I was paid the amount tax deductions were already made by company but at the time of returning I had to return full amount. Now, in my form 16,company has showed my total income to be inclusive of these two bonuses. On asking them to revise form 16, they denied to do the same since tax has already been paid. I have a recovery letter from the company though, stating that they recovered the bonus amounts from me. What should I do while filing my ITR?

.. ....... Hsisibd......

Dear Sir / Madam,

My query is as follows:

Miss A, a radio jockey, radio show maker & stage show anchor was a resident till FY 2022-23. So her professional income was shown u/s 44ADA till FY 2022-23.
Now during FY 2023-24, she has become NRI as she stayed in India for 77 days only. However, she earned around Rs. 450000/- as a professional income during FY 2023-24, and TDS is deducted.

Section 44ADA does not apply to NRI. So, can I show her income under Income from Other sources? instead of preparing Income & Expenditure and balance sheet? her bank statement runs 40-50 pages with small small transactions.

Kindly revert.

Thanking You,
Suraj

While making TDS payment i have selected assessment year 2024-25 instead of 2025-26, how to correct this mistake?

I have taken transfer from my ca firm for ca industrial training but due to some reason I couldn’t join that company and my 104form is also not submitted
So can i join back my old ca firm again for the remaining period