Can we carry forward FY 2019-20 remaining ITC to 2020-21...?
Do we need to make anything manually to bring it to next year or It will automatically takes place..?
An Advocate, who usually invest some of his savings in shares performs some intra-day trades only on 2 days in F.Y. 2019-20. My question is how will he treat his intra-day trading activity for the purpose of income tax:
1)Will intra-trading done on 2 days be a part of speculation business? If yes, then can he file his return under 44AD? What will be the turnover in case of speculation activity? Will shares purchase and sold during the year as an investment will also be part of the turnover?
2)Will it be right for the purpose of income tax if he shows his income from day trading as speculation business income and show shows short term capital gain on sale of shares he held as investments?
Dear Exprerts,
Pls let me know how long can we revise the IT return.. can we revise even after assessment u/s 143(1)
Thanks
Nikhil
One of my client having Proprietorship business he want to PAN card in the name of Proprietorship name How can i apply & solved this?????
My query is how to show B2B sales return pertaining to previous month sales in GSTR-1 and how to take credit of tax already filed in earlier month. Can anyone explain?
One of gst registered regular sceheme dealer trade for sales of medicines.trader purchase of medicines from registered dealers ITC claimed.
Doubt:
Dealer medicines sales on MRP or normal rate applicable selling to b2b and b2c customers in gst act.
Where to reflect sales of used motor car in GSTR-1 and GSTR - 3B in following 2 Cases:
1) If margin is negative resulting in no tax liability,
2) If margin is positive resulting in GST Payable.
In case loan given by Mr. Dead to a Partnership Firm is transferred to his son in the books of borrower as per will of Mr. Dead - whether sec 269SS and 269T are attracted?
Sir
I would like to sell my property. please let me know the amount of Tax i need to pay on sale of property.
these are my property details:-
Date of purchase 2nd July 2010
purchase price : Rs.34,00,000
selling price:- Rs.71,00,000
Thanks in advance.
If company and non company deductees deposited in one challan how to resolve
All Subjects Combo (Regular Batch) Jan & May 26
Carry forwarding of 2019-20 ITC