Hi,

For a individual person doing F&O trading, do they need to include their Savings Bank, FD, Domestic/Foreign stock/bond investment in the business balance sheet in ITR?

Also should Savings Account Interest, FD Interest, Bond Interest, Stock Dividend be included in the business income or as personal income in their respective sections (e.g. Section OS, Section CG)?

Sources of income for the person: F&O loss, salary, savings/fd/gsec interest, liquidbees dividend.

Thanks

A person have lecturer Income from College and their Tds has been deducted U/S 194Jb. (Although gross receipts less than 50 lakhs)
While filling itr Under which head this income will come?
If I choose for 44ADA then which business code?
Because I tried once by declaring income under 44ADA and choose code for education service and business type 44ADA business. But software gives me error showing wrong business type selected.. It should be 44Ad.
Please solve my query.

Sir, In Month of march'23 party raised invoice dated 20/03/2023 & 31/03/2023 but he file Gstr 1 dated 17/04/2023 it shown in GSTR 2B IN MONTH OF APRIL '23. Can I take input credit in march'23. If not how to book expenses in march'23(all invoices are month of march'23).

Return under section 139(4B) is required to be filed by a political party if the total income without giving effect to the provisions of section 139A exceeds the maximum amount which is not chargeable to income-tax.
what is maxmium amount
i have only 10000 income is it required to file ITR7
Is it necessary to audit by ca

A shareholders received shares , in the Financial Year by which mode shares can be obtained Please reply.
such as Bonus, split of shares etc.
In the books of individuals because extra shares received how to identify from which means received.

how to make journal entry of shares received on demerger of shares by the shareholders in books of accounts. and what would be the cost of shares received.

(1) WHETHER DPT 3 NEED TO BE FILE IF THEIR IS NO CHANGE IN ANY LOAN TRANSACTION DURING THE PERIOD (OPENING = CLOSING) ?

(2) SUPPOSE IF THEIR IS NO LOAN THEN ALSO DPT- 3 NEED TO FILE ?

Dear Sir,
One of my client received commission of Rs.38 lacs and TDS deducted 1.9 lacs. What is procedure for filing IT Return and claim refund. I mean how much income to declare.
Thanks in advance

Dear Sir,

If a person sold a property in the financial year 2020-21 which was in his name and had a capital gain of Rs. 40 lacs which he didn't invest it anywhere till date but rather used the sale proceeds to repay a loan of another property which was in his name. The loan was taken in the year 2016.


He didn't file his Income tax return for F.Y 2020-21 and has now got notice for filing updated return. Is there any way now he can save the long term capital gain tax on sale of property and file updated return.

Please suggest if there is any solution.

Regards,
Divyesh Jain

I have purchased an electronic item on 30 May 2023. The item will be delivered some time in July.
I paid 99$+25$(as shipping charge) to the seller located in USA.
I want to know how to file the GST on reverse charge basis.

1. What is the date of supply? Is it the date of payment or date of receipt of product?
2. On what amount should I pay the GST, 99$ or 99$+25$(shipping charge)?
3. In which month should I pay the GST under RCM?
4. In which month can I avail GST as ITC? Will it be populated automatically? If not, under which head should I mention the ITC in GSTR3B?

Thank you for your kind help.