Dear sir/madam,
kindly help me to solve the problem:
Capital gain & loss :
1st qtr- 10000 (profit)
2nd qtr- 10000 (profit)
3rd qtr- 10000 (profit)
4th qtr- 10000 (loss)
total profit- 20000
I have shown in itr 2 capital gain
but in quarterly break up I m unable to show negetive figure (4th qtr)
kindly help me
Thanks
10 Replies
CA Aakarsh Jain
(CA)
(10431 Points)
Replied 02 July 2022
Happy to help you out. kindly check your inbox
MPR Sanjay Kumar
(3118 Points)
Replied 02 July 2022
Tax audit versus income tax return filing what is the difference of this two then what is the benefit of tax audit presumptive method?? could you please explain me
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 02 July 2022
Show Ist 10000 in I Qtr and 2nd 10000 in II Qtr only
sabyasachi mukherjee
(27574 Points)
Replied 03 July 2022
Itr does not demand revealing profit and loss reporting in each quarter.
Sandip Kumar Das
(206 Points)
Replied 14 July 2022
We provide expenses to our sales employee monthly as reimbursement apart from salary
1. Travelling expenses (fixed rate for outstation ex- 2000 per visit & headquarters, ex- 200 per visit)
2. Telephone expenses (Rs.1000 p.m. fixed)
3. petrol expenses (Rs.3/- per k.m.)
4. other expenses (fixed)
They provide only hotel bill
My question is 194R will be effective or not
if yes on which amount
1. Travelling expenses (fixed rate for outstation ex- 2000 per visit & headquarters, ex- 200 per visit)
2. Telephone expenses (Rs.1000 p.m. fixed)
3. petrol expenses (Rs.3/- per k.m.)
4. other expenses (fixed)
They provide only hotel bill
My question is 194R will be effective or not
if yes on which amount
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 14 July 2022
Provisions of section 194R not invoke in case of employee and employer relationship
Sandip Kumar Das
(206 Points)
Replied 14 July 2022
But mam employer provide additional expenses to employees apart from salary more than 20000
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 15 July 2022
Yes but but same is not a part of income it's only reimbursement
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