One of my friend is actively involved in Intra day & F&O trading through a share broker and he incurred a loss of Approximately 4.00 lakhs in a financial year.

My questions with reference to above are as fallows

1. Applicability of sec 44AA
2. Applicability of sec 44AB
3. How to disclose in in ITR-4 (one of my colleague working in a CA firm advised to show the same under 44AD).
4. Is it mandatory to file IT return if involved in share trading.

correct me if I am wrong, Recently I viewed Tax Audit Guidance note issued by ICAI for knowing meaning of turnover for the purpose of maintaining books of accounts and applicability of Tax Audit, from that i concluded that turnover means cumulative of Profit/ loss from each individual transaction to considered.

Thanks in Advance.

i hav a query...i am doin ca.going to register for articlship..i also want to persue cs...i m confused that i should fill 112 form first or get registerd for icsi first...

can somebody please tell me what benefit of pursuing valuation course of ICAI?

If the self assessment tax is paid duly before the due date for filing the income tax return and if the return is filed belated u/s 139(4) can interest u/s 234A be charged by the income tax deptt. And if so how to pay it? Through chalan or do we need to file any particular form with the IT deptt.?

Thanks

I filed return for the assesment year 12-13 but there happend deley in sending signed itrv to cpc center. Now message came as itrv rejected. What can I do for this. Pls help me.

Experts

please guide me regarding Income Tax Refund of Rs.25000 for A.Y.2012-13..

I got intimation u/s 245 on 01/03/2013 in this Demand of Rs.10186/- for AY 2007 & Demand of Rs.1851/- for AY 2008 u/s 143(1).

Balance amount i.e. 25000-10186-1851 = Rs.12963/- i have not received till now.

The same situation i am facing for 3 Assessee.

Please advice me from where i can get Remedy?

Dear Sir,
one of our client provide Third Party Administrator service, total TPA Fee received during Financial Year 2012-13 is Rs. 80 Lacs, should this company is liable under 44AB for Tax Audit.

is TPA fee of this company is covered under Business or Profession.

kindly advise..

My Client is manufacturer below 5Cr. Turnover, Which returns should be file under Central Excise rules and also under Cenvat credit rules.Please also stat that these returns are monthly, quaterly or yearly and which are last date for filling ? Is there any provision for submit manual copy of return to juridictional supritendent after filling online?

Dear Sir,
In case of a state govt. employee, tds credit in his form 26AS is with status of - P (provisional)

In the above case manual return filing will be better
or
E filing also can surve the purpose.

PLS.EXP.WEATHER PROVISION OF S.S.P. IS APPLICABLE ON REVERSE CHARGE.I.E.IF INDIVIDUAL OR FIRM FROM WHOM WE ARE TAKING LEGAL SERVICE IS COVERED UNDER SMALL SERVICE PROVIDER,THEN SHOULD WE GIVE SERVICE TAX UNDER REVERSE CHARGE.AND IN CASE OF WORK CONTRACT SERVICE, IF CONTRACTOR IS NOT CHARGING ITS 50% SERVICE TAX,THEN SHOULD WE GIVE OUR 50% SERVICE TAX UNDER REVERSE CHARGE TO GOVT.PLS.EXPLAIN.