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Question & Answer


P

Pallav Mathur

4 Dec 2019

How to change proprietorship name if it currently along with my current account is in my name?

Replies (1)                          

CA Naman Maloo       4 Dec 2019

Where do you want to change and why do you want to change?

For more information you can mail me at canamanmaloo@gmail.com

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T

Tapati Karkar

3 Dec 2019

I have filed an income tax return by ca itr3 my charted shown a turnover of 900000 and decleared a profit of 57843 but as per my broker statement my option buy turnover is 3500000 and option sell turnover is 3700000 and profit is 35000 what ever my ca shown in itr 3 is it correct

Replies (1)                          

CA Naman Maloo       4 Dec 2019

In case of future and option turnover is sum of positive and negative result of a transaction so may be he would have shown correct profit. However i cannot tell why he chose ITR 3 and why his profit is different.

If you need professional assistance you can mail me at canamanmaloo@gmail.com

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R

Rishav Ghosh

3 Dec 2019

My salary income is 750000 and option trading profit is 341000 and option trading sell turnover is 1050000 and option trading buy turnover is 540000 do I need to do a audit

Replies (1)                          

CA Naman Maloo       4 Dec 2019

No as your profit is above 8%.
If you need any professional assistance feel free to contact me at canamanmaloo@gmail.com

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S

Sushant Nandwana

30 Nov 2019

I am a salaried employee I filled ITR 4 this year but I got a mail from income that it's a defective return communication.following is the detail

Ref: Section 143 [1B] Income Tax Act, 1961 read with Clause 2 C (iv) of Centralized Processing of Returns Scheme 2011,
Notification No S.O 17(E) dated 04/01/2012.
The return of income filed by you for Assessment Year 2019-20 vide acknowledgment no. 999937560300819 dated 30-08-2019, is
considered defective u/s 139(9) of the Income Tax Act, 1961 as it is found to contain certain defects which has been

Replies (5)                          

CA Navin Jain       30 Nov 2019

Hi Sushant, first of all the form selected by you is incorrect if you have only salary income. Secondly, the defective return needs to be evaluated. You can connect with me on +91 9830375894 to take the matter forward.

CA Shreekrishna Aital       30 Nov 2019

Hi Please forward the Notice to caspaital@gmail.com. I will look into the exact reason for the notice.

CA Shreekrishna Aital       30 Nov 2019

Hi Please forward the Notice to caspaital@gmail.com. I will look into the exact reason for the notice.

CA Naman Maloo       30 Nov 2019

Why have you filed ITR 4 for salaried income.
If you need professional consultancy to solve this issue you can contact me at canamanmaloo@gmail.com

CA Deepak Kumar       1 Dec 2019

A salaried person can file ITR1 or ITR 2. You have choose the wrong form. You need to revise your return and file the same with correct ITR form.

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A

Ankit Jain

28 Nov 2019

Hello, I have a query regarding ROC compliance. We have registered a company in Dec 2018 and have not appointed an auditor yet. Wanted to know the due dates for ROC compliance (AOC- 4 and MGT- 7) and appointment of auditor.

Replies (2)                          

CA Salsabeel Ahmed       28 Nov 2019

Auditor should be appointed within 30 days of incorporation by the BOD, else in by the Members. due date for AOC-4 and MGT-7 is 30-11-2019. You may reach out to me for assistance at +91 9880106346 or salsabeelahmedandco@gmail.com

CA Siddhartha Bhardwaj       30 Nov 2019

First auditor is to be appointed by the Board within 30 days of incorporation. Subsequent auditor is to be appointed in the Annual General Meeting. The first Annual General Meeting should be held within 9 months of the close of the financial year. So, in your case you can hold the AGM till 31st December, 2019. Form AOC-4 is to be filed within 30 days of AGM and Form MGT-7 is to be filed within 60 days of AGM. So you still have lots of time to comply with the requirements. Contact us on ca.sidbhardwaj@gmail.com for compliance.

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