Sir,
Please solve my below query:
1. My friend salary earning from pvt job during the financial year 2019-20 is below Rs. 3,50,000
2. He also doing trading activity i.e Share buying and selling through his own demat account. during the financial year 2019-20 his profit & loss statement showing Rs. -428.12 loss for speculation, Rs. 7652.33 profit for Short term & Rs. 95.45 profit for long term.
Kindly suggest us which ITR return applicable for financial year 2019-20
Thanks & Regards.
Sir,
I am a pensioner. I share to deposit money for my daughters LIC premium. Can I claim the said amount to under section 80c while filing of my return?
somaj
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Hi,
I worked for an employer for 7 months in this FY, and later withdrew my PF (which had only 7 months worth of amount), I have below questions:
1. can I deduct my own contribution to the PF as 80C deduction in ITR?
2. employer has already paid TDS for their contribution in the EPF, but not on mine, do I need to pay taxes on my contribution too?
Thank you
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I have loss on f/o trading (non -speculative) loss of Rs 2,80,000
and
1.speculative profit Rs 2,110
.short term profit on shares Rs 25000
.salary income 450000
.capital gain on property selling
Rs 20lakh
bank interest on s/a
Rs 51000
how I set off non speculative loss and with whom?????
##I got answer that it can set off with any other income except salary income
But
For non speculative loss means (loss in f/o trading) Rs280000
audit. is compulsory?????
sir turn over is not exceeds 1crore, but loss in f/o trading, loss means less than 6per.. income, that's why my question is audit is compulsory ,what to do plz clarify
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ITR Return Applicable fy 2019-20