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TaxDoubter
12 September 2019 at 14:49

LTCG Tax & Tax Payment

I have sold few shares which has been with me for several years and providing the details below.

Profit: Rs.19,11,008/-
Exemption: Rs. 1,00,000/-
----------------------------------------
Actual Profit: Rs.18,11,008/-
Loss from
Previous Year:Rs. 40,156/-
--------------------------------------
Actual Profit: Rs. 17,70,852/-
10% Tax: Rs. 1,77,085/-
4% Cess: Rs. 7,083/-
Total Tax: Rs. 1,84,168/-

Is my above calculation correct? Please let me know.

Do I need to pay the complete Tax of Rs.1,84,168/- now itself or can I pay 45% i.e.Rs.82,876/- now and pay the rest later?

Experts please suggest.




Nitesh Kumar Gupta
05 September 2019 at 16:14

Shares transmission query

"A" was a Director in a Company. He had one son and two daughter named as x, y and z. "A" made a "will" and registered with their registrar in 2013. He wrote in the will that the shares held by him in the company will be transmitted to his son "x" and daughter "y" in the ratio of 50% each. "A" expired in 2017. Now his son "x" requested the company to transmit 50% share in his name. He also submitted photocopy of will along with Death Certificate of Father and Mother. Please clarify :

1. Whether 50% share transmitted to the son "x" is or not.

2. If yes, then what the formalities should be done by the company.


Pranav
16 August 2019 at 19:20

Regarding tax audit for stcg

Hello Sir,

I am doing swing trading in cash ( ie I hold shares for 3-5 days ) and sell it. I am having a small loss.No trading has been done in F&O and intraday. Only in equity cash segment.
I also work in an IT company and tax slab is 10%.

Do I need to have tax audit if I need to carry loss for 8 years?And does it come in non- speculative income.

How will it be taxed and which ITR form should I fill.

Please help.

Regards.
Pranav


sunil kumar

I am an Government Employee and have salary of Rs. 10 lacs pa.
I have FNO losses of Rs. 7 lacs for FY 2018-19.
Request you to please guide me which ITR form I have to file.
Is TAX AUDIT is mandatory in my case.


Amit Raut
15 July 2019 at 09:40

Capital gain

Hi,
In FY 2018-19, I booked short term capital loss (STCL) of 28000/- while I booked long term capital gain of 150000/- in same FY ..
Can I adjust the STCL against LTCG??


Jyothsna
20 June 2019 at 23:24

Trader in cash segment it return

How to file IT return for a person who is holding shares as a trader in cash segment not F & O?


Ramandeep Singh
19 June 2019 at 11:21

Stock statement

can a CA verify stock statement after after implementation of UDIN.


Krishanu Chowdhury

HOW TO CALCULATE FULL VALUE OF CONSIDERATION WITHOUT INDEXATION IN CASE OF ZERODHA SHARES?


Shwetang Khetiya
27 May 2019 at 17:44

Agm

Dear Sir, I want to know as i ll be going to attend the first AGM of any company want to know what type of documents are required to carry ?


Mahabir Prasad Agarwal
25 May 2019 at 15:27

Old shares in physical

Shares of many companies were purchased by me in the year 1992-93. But, due to some unavoidable event, the files containing the old share certificates was lost and could not be tracked. Now, the said file has been found by me which contains many share certificates of various companies. When, tried to find online the share price of some companies, no any record found there. Can anyone guide me as what should I do now so that I can get value of the said old shares ?