If only business of shares trading (full Time) in all segment (FNO+Intraday+Delivery base trading i.e. Short term) taken as business income, but and if some sell of shares after one year as a different portfolio only that can I take as long term capital gain or loss ?

Second Question is If Turnover in Stock trading business only is 99,50,000/- and profit is less than 6% i.e. 3,95,000/- greater than basic exemption limit which is not chargeable tax and total transaction is digitally electronic mode (100 % ) but in past years never opted section 44AD as presumptive income ,so please know will need tax audit by CA ?

Sir,
My client had gone US and remitted some foreign remittance of 5000 USD in convertible currency in his resident saving bank a/c.in the month of June 2021. But now he has opened NRE a/c in Sept 2021.

Can he now transfer that amount of converted INR from resident saving a/c to his NRE a/c.
Pls guide

I have received the below message from CPC. Not able to understand where the error is because I filled in short term capital gain in similar way last year. Experts please help.

In Schedule part B TI, Sl. No. 11 ' Income chargeable to tax at special rate under section 111A, 112, 112A etc. included in 10' is not equal to sum of the incomes taxed at special rates in Schedule SI.Hence amount at Sl. No. 11 of PartB-TI is recomputed by adopting the amount mentioned in schedule SI.

Tax Payable at normal rates Rs.16,47,360/-
Tax Payable at special rates Rs. 5,962/-
Surcharge Rs. 1,65,332/-
Education Cess payable Rs. 72,746/-
Total Tax Payable Rs.18,91,400/-
Interest u/s 234C Rs. 5,686/-
Tax & Interest Payable Rs.18,97,086/-
Prepaid Taxes
TDS Rs.17,82,346/-
S A Tax paid on 27.08.21 Rs. 1,14,740/-
Total Prepaid Taxes Rs.18,97,086/-

Now as per income tax portal Interest u/s 234A Rs.2,180/- and u/s 234B Rs.5,515/- is calculated and asking to pay Rs.7,695/-
Prepaid Taxes in this case are more than 90% of assessed tax and still interest u/s 234B is determined

My question is is the above calculation of interest correct and if wrong how to file return of income ?

Sir,
A gst registered old gunnies business regular scheme dealer purchase of old gunnies(5 tax rate goods) from urd persons (rithu) value rs:5 lacs for August-21 month.
Question:
1.dealer rithu purchase amount rcm applicable or not.
2.purchases amount rs:5 lacs show column no in gstr3b.

We are having a private limited company in Punjab - Amritsar. As per our consultant every company in punjab must registered under PSDT Rules 2018 and deduct Professional Tax from salary of our employees.

We are registered our private limited compnay in 2015 in punjab. Can anyone pls guice me applicaility of this act and how to file all compliances in this particular act.

Thanks in advance

Sir,
A person sales and purchase transactions 6 times one financial year for sale and purchase agricultural land rural area .
Question:
Assess source of income treatment above transactions business income or capital gains tax income in it act.

Earlier I have appeared in CA- Intermediate exams in Jan 2021 . Unfortunately , I failed with exemption in one paper. I have not appeared in July 2021 exams . Now , I have converted from CA-foundation route to CA- Direct entry route. Will I be eligible to appear for December 2021 exams with availing the benefits of relaxation provided in Regulation No.205 dated 22nd July , 2015 (i.e, relaxation from 9 months of Articleship training for those who have converted )? To avail such relaxation , before which date I have to apply for my CA-Articleship? Whether the relaxation was also available for the new syllabus students (I am new syllabus student)?

My Name is ASHLY ANSALAM. I am a CA Final student (Old scheme). I Passed in first group in May 2019 attempt. I appeared in Second group in July 2021 attempt but I failed due to aggregate. My weakest paper is ISCA. I am planning to convert to New scheme. If I take December 2021 attempt in New Scheme whether I need to appear in Adv ITT and MCS before Examination ?Please reply. Thanking you

1) Do we have to pay tax on our current account income like if the income goes above tax slab just like in savings account?
2) If so, what comes under expenses when filing ITR , do these expenses need to occur every month or each transaction in a year consideres?