Sir, who has made it a rule to buy from the farmer outside the market, is there a limit of Rs. 200000 in cash payment to the farmer or not, and if so, what documents do we have to take from the farmer at the time of purchase?

ASSESSEE HAS NORMAL BUSINESS HAVING TURNOVER OF RS. 12 CRORE. HIS BOOKS ARE SUBJECT TO AUDIT. SALE OF SHARES 97 LAC AND 1.00 CRORE PURCHASE OF SHARES. TRADING IN DERIVATIVE INTRADAY 58 CRORE. SUM TOTAL OF PROFIT AND LOSS IS RS. 20 LAC AND ACTUAL LOSS FROM SHARES AND DERIVATIVE IS RS. 3.00 LAC. STT HAS BEEN PAID ON THESE TRANSACTIONS AND TRANSACTIONS ARE CARRIED OUT FROM RECOGNISED STOCK EXCHANGE.
QUERY- 1. WHETHER TAX AUDIT APPLICABLE FOR SHARE TRADING AND DERIVATIVE TRADING BUSINESS? 2. LOSS FROM DERIVATIVE AND SHARE TRADING ARE SPECULATIVE LOSS OR NON SPECULATIVE ? 3. HOW TO SHOW ABOVE TRANSACTIONS IN ITR. SHARE AND DERIVATIVE ARE NOT GOODS OR SERVICES AS PER INCOME TAX ACT. HOW TO REPORT IT IN PROFIT AND LOSS ACCOUNT.

Where a company is engaged in dealing only in second hand cars and is opting for margin scheme, can it claim full ITC on all it's expenses other than purchases or purchases of repairing spare parts, painting and tools for refurbishing ?

Respected Sir,
Kindest Regards
I shall be highly obliged to you for your guidelines.

Query:
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After downloading GSTR-2-A where are the JSON file and Excel file both are found available as in which folder of our computer.
yours tarique rizvi
982 1630 130

Hi,

Mr. A and B jointly owned a property which they sold for INR 1 lacs. While filing their respective ITRs, will Mr. A and Mr. B in each of their returns show sale value of consideration as INR 50,000 or INR 1 lacs? I don't think there is a section of % share in the property of the seller, hence, there is some confusion.

Thanks in advance.

I have 5000 Long Term Capital Gain on sale of sales in FY 2019-20, Is it okay if the same disclosed under exempted income u/s 10 (38) makes any difference if the same is 25000-75000 ?

Sir,
I have noticed that one entry in part E of my form 26AS (FY 2019-20) which is as under :-
PART E – Details of SFT Transaction
Type of Transaction SFT-005 Time deposit
Name of SFT Filer Axis bank Ltd. , TRISHUL 3RD FLOOR, OPPOSITE SAMARTHESHWAR TEMPLE NEAR, LAW GARDEN
ELISBRIDGE, AHEMDABAD, GUJARAT, INDIA, 380006
Amount (Rs.) 1120000.00
This entry does not belongs to me. I have no connection with this branch of Axis Bank and I never went to Ahemdabad, Gujarat.
Please guide me what to do for removal of this entry from my account.
With regards
S K GOEL.

what is due date from october 2020 onwards
GSTR-1
GSTR-6
GSTR-3 B
Monthly return.

if my company advance received ( A ) Rs. 1 Lakh on dated 29 September then how to make entry of GST paid on advance money. in my books of accounts.
suppose A is service provider
B is service receiver.

whether we have to pay GST on security deposit received amount.