Ad-Free CAclubindia and Daily Updates on your mobile. Subscribe Now!

STCG & STCL

02 July 2022

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

Reply
Follow
Share

10 Replies

CA Aakarsh Jain (CA) (10346 Points)
Replied 02 July 2022

Happy to help you out. kindly check your inbox

4 Like

Upgrade to CAclubindia Pro. Subscribe Now!

MPR Sanjay Kumar (3100 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

1 Like

CA Rashmi Gandhi (Chartered Accountant) (86308 Points)
Replied 02 July 2022

Show Ist 10000 in I Qtr and 2nd 10000 in II Qtr only

2 Like

sabyasachi mukherjee (27121 Points)
Replied 03 July 2022

Itr does not demand revealing profit and loss reporting in each quarter.

1 Like

Sandip Kumar Das (206 Points)
Replied 03 July 2022

Ok Thank you so much

2 Like

Upgrade to CAclubindia Pro. Subscribe Now!

CA Rashmi Gandhi (Chartered Accountant) (86308 Points)
Replied 03 July 2022

Welcome....

1 Like

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