For fy 24-25 I have got speculation intraday trading profit of 100000 (1lakh),SHORT TERM CAPITAL GAIN ON SHARES IS 4 LAKH AND LONG TERM CAPITAL GAIN OF 3 LAKH. ON WHAT AMOUNT OF SHORT TERM CAPITAL GAIN I WILL HAVE TO PAY TAX.And WHat tax I will have to pay on intraday speculation profit of 1 lakh? I am a senior citizen, and i have no income othan this income
Dear Sir,
One of my client has received a mail with the above subject line from Income Tax. While verifying it after logging into Income tax site there is no such notice. The amounts shown in the email are correct for HRA Exemption taken in Form 16 and while filing the return.
My query is if the rent amount per month is more than Rs. 50,000/- and the person has not deducted any TDS on the rent amount paid and claimed the exemption in his Form 16, then is there a way to rectify the error. The client has filed his return of income under Old Tax Regime.
Please help on the above matter.
Regards,
Divyesh Jain
Hello,
I completed my ca articleship in Jan 2025, but my total leaves is 300, and due to which the excess period to be served is 187 days. So, I want to served the extension period under new principal.
So, my question is that is there any possibility to do that under new principal and if so, what could be it possible procedure to do that.
Kindly do please look into it.
Thanks,
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Tax calculation on shares