Dear sir / Madam,

My query is as follows:
Mr A who is salaried person, also does options trading. He prepares P&L and balance sheet for options trading business. He has past F&O business losses as well as past short term & long term capital losses in shares trading, which are now carried forward to FY 2022-23. During the year FY 2022-23 also, he has F&O business loss and sizable Other income.

I wish to know whether can he set off past F&O business losses as well as current business losses against the current years Other Income?

Basically, which type of losses are adjusted against other income?

Kindly guide.
Thanks & regards,
Suraj

I am a salaried person and get monthly hra. I want to claim exemption of hra by paying rent to my parents so is it mandatory to enter into rent agreement or can I pay the rent and claim exemption?

I am holding cop. But due to some personal reasons I am not practicing for the last few years. Under what member status am I supposed to apply in KYM (know you member) in icai portal?

What is the time limit to surrender cop? If i want to surrender my cop for the year 2023-24, till when I am supposed to submit the documents for it?

Hello,

I have read an article in this forum, that TDS is not deductible on Interest paid on accumulated balances, both Employee and Employer contribution, at the time of PF withdrawal.

I need advice for the below situation.

An employee has left the company, an MNC in India and after 4 years, applied for PF withdrawal in current FY. The employee is not working since then. The PF account is more than 15 years old.

The company deducts TDS at 30% on Interest paid on employer contribution and 10% on Employee contribution accumulated balances for the period of 4 years ie the period after the employee has resigned till the PF withdrawal.

Is the company liable to deduct TDS? And Is the former employee liable to pay tax on the interest amount?

Thanks
Tina

can two company will have same name like, ABC and other one is ABC WORKS . if ABC is registered / trademarked its main name ABC , so can any will apply for ABC WORKS like name trademark ? is it ok or not ? please reply

The Landlord is registered under GST in the same state where the property is located but the tenant is registered in another state in that case RCM will be paid as IGST or CGST & SGST by the tenant? Tenant is registered person.

I have filled MGT 14 for change in object clause in MOA. I want to know that normally how many days ROC taken to approve the change.

The assesse claimed compensation from Buyer of Joint Family Property.

Property owned by Grandfather was inherited by all 5 sons. One of the son sold the property without consent from others in 2012 & kept all the proceeds.

The assessee Holding 1/5th share demanded Compensation from the Buyer through Court & received compensation of Rs 25,00,000 from the Buyer of the said property.

What will be the Taxability of the assessee ?

one of the GST password has been locked. OTP is not coming on phone and mail what to do?. OTP on mail generally received after half an hour...and the phone no given is not working what to do please reply on urgent basis