02 August 2011
whether Online trading of Derivatives cover under sec 44 AD .. If It is cover under Sec 44 AD means what is the receipts for the business .. If he had earned loss for Rs. 400000/- means he will liable for 44AB tax audit of non full filling of 8 % ....
04 August 2011
sir , if +,- sign is not more than 60.lacs means .. he got loss of Rs.400000/- then in filing income tax return according sec 44 AD 8 % is not came so its liable to 44 AB case .. how shall i file return which ITR Is applicable for him
17 March 2012
In a case where there is a loss from FnO business ( and the turnover is less than 60Lacs) .. But otherwise, the total income is taxable..
Either we pay 8% on the turnover.. or else get the accounts audited...
Can we file the audited return today i.e. in March 2012 for the AY 2011-12..?