T

Tapati Karkar

As per my earlier question I want to know do I need to do a audit because as per my broker statement option buy turnover is 35 lacs and option sell turnover is 37 lacs my profit is 57843 and the ca showed 9 lacs turnover and he showed a profit of 57843 and my bank interest is 14000 and equity short term loss is 1670 .so I want to know if I file as per general accounting standard so do i need to audit because I have to file a revise itr return

N

Naveen Bohra

Hi Team,

I have a query while filing ITR2 for AY 2019-20.

I was NRI for FY2018-2019 (as I was outside India for more than 182 days) and was getting salary in foreign country.

I know I need not pay tax on my foreign income as I was NRI. But I wanted to check if this foreign salary income needs to be declared in the Schedule EI (Exempt Income), Section 5 "Income not chargeable to tax as per DTAA"?

Is foreign salary income for NRI not taxable due to DTAA or any other reason?

Thanks and Regards,
Naveen Bohra

J

Jay

I want to trade in futures and currencies but have no proof of income, which is necessary for futures and currencies. I also don't have any of the other proofs of income suggested by my broker.

Can I start my sole proprietorship (or is there any better type of ownership for this purpose?) and pay myself a salary of 10,000 or above? And claim this as proof of income?

J

James Bond

Mera pehla sawal agar hum bina company khole business kare to tax rates Kya hote hai? Aur company kholke business kare to tax rates Kya hote hai?? Dusra sawal ye ki bina company khole aap apne business ke name rakh ke pure India me use kar sakte hai??

B

Bhargav Nayak

Hello sir, my name is bhargav nayak from gujarat. sir i applied for two pan card for starting my company on partnership deed, but unfortunately i am not open bank account on that pan card, and work with different company which own by me, now i have two pan card which is not operated by me as well as anyone else, now my question is am i still have to file ITR on that pan card, if yes than how because i have not bank account on that pan card, or any financial transaction on that pan card.

C

Clinton Lobo

I've inherited shares and mutual funds which have been purchased many years ago by my father. I wanted to know if the holding period is transferred onto me and if these shares/mutual funds are eligible for XIRR returns when I sell them ? If so what would be the documents/procedure required ?

A

Akshay Shah

I did some intraday equity trading, F&O intraday trading and F&O delivery trading. The intraday turnover is Rs.13860.40 and realised profit is Rs.9101.50. Similarly my combined F&O turnover (scipwise calculation) is Rs. 186143.75 and combined realised profit is -34982.50 (LOSS). Do I have to get tax audit under section 44ab since my profit is less than 6% of the turnover (since it is loss)?

A

Amit Bhupal

Sir, I have salary income on which TDS has been deducted by company.

Apart from salary income I have also given part time teaching services in one educational trust where I have received some income after deduction of TDS @ 10%. I have in 20% tax bracket. Now I have to pay additional 10% tax. can i claim any expenses under section 57(iii) against this income for avoiding tax.

I can show deduction like 80C in my ITR which is not shown in my Form No 16

T

Tirathsingh

Hi , Im Tirath Singh, i had sell my property at Rs 27.5 lakhs 2 months before. My question is do i need to pay any income tax on that ? and if then how much % ? and if i use this money to purchase another property will i be charged any income tax?