RECEIPTS FROM VIRTUAL DIGITAL ASSETS U/S 194S IS BUSINESS INCOME OR OTHER SOURCE OF INCOME BECAUSE MY CLIENT IS DOING CONTRACTOR ONLY RS 9478/- SHOWING IN 26AS AS WELL AS IN AIS REPORT WHEATHER IT SHOULD BE CONSIDER BUSINESS RECEIPT OR NOT NOW MY CLIENT IS STOP TO DOING THIS.
MY CLIENT DID NOT PROVIDE FULL DETAILS OF TRANSACTIONS HE SAID THERE IS INFORMATION REGARDING BUY AND SELL ONLY INVESTMENTS. IN THE AIS REPORT ONLY SHOWING RECEPITS HEAD.
WHILE COMPARE TO AIS REPORT AND COMPUTATION SHORT TERM CAPITAL GAIN SHOW DIFFRENCES MEANS AS PER AIS REPORT RS 39026/- STG BUT OUR COMPUTATION SHOWING RS 43854/- .
AFTER CROSS VERFYING BOTH 150 SHARES MADE IT BUY AND SELL THAT PARTICULAR ACCOUNT IS NOW INACTIVE IN THE AIS REPORT THAT TRANSACTION NOT TAKEN IN ACCOUNT SO SAME DIFFERENCE IS SHOWING WHILE COMPARE TO COMPUTATION AND AIS.
IS THERE ANY PROBLEM IF I REPORT AS PER COMPUTATION
CAclubindia
