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Nazim
What will be short term capital gains on Stocks if I dont have an active salary
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stcg will be charged @15%
CA Rahul Dwivedi 29 May 2023Dear Nazim,
STCG is taxable@ 15%.
But tax liability can be NIL depending on other Income & quantum of STCG.
Please feel free to call for further consultation at ca.rahuldwivedi@gmail.com or 9004485377.
M
Mukul
I have a partnership IT firm. We are three partners and work on the freelancing platform. Whatever income we get from the freelance platform gets submitted into the Firm's current account. We have collected a fairly investible amount in the Firm's account and now we want to withdraw 70% of the collected amount in the Current account to our individual saving accounts. Our firm is audited every year so now if I will transfer funds from my Current account to my savings account then will it be treated as a part of yearly income?
You need to share the financial Statement of the company because it depends upon the transactions shown in the financial statement. You may contact me at 9718046555 to get it checked and consult
CA Rohit Jain 24 May 2023yes you can, but still contact to your financial advisor with details else you can contact me at 9929511888 to get it checked and consult
CA Rahul Dwivedi 29 May 2023Dear Mukul,
What i understood, is that your query is regarding taking money out of the firm to partner's saving account.
Yes, you can take out, but how much to take & tax implication can be advised depending on financial position/profitability of the firm, your total income from sources other then firm etc. It is part of tax planning to minimise or nullify the tax implication within the ambit of law.
Please feel free to reach us for further consultation at ca.rahuldwivedi@gmail.com or 9004485377.
B
Bhanupriya B
Hi,
I'm shifting to new rented house in Bangalore. My New Landlord is asking for my Aadhaar and Pan copy. Aadhaar is confidential document. Is Tenant's Aadhaar and PAN document is mandatory to provide to landlord?
its not mandatory but for police verification he must need your KYC
T&C applyB
Bhanupriya B
Hi,
I'm shifting to new rented house in Bangalore. My New Landlord is asking for my Aadhaar and Pan copy. Aadhaar is confidential document. Is Tenant's Aadhaar and PAN document is mandatory to provide to landlor?
A
Amit
How audit and itr filling is done in option trading
Dear Amit,
Option trading is considered as Business Income so ITR filing is done accordingly. Audit is applicable if Turnover exceeds the specified limit i.e. 10 Cr. Pls note method of calculating turnover is peculiar in case of Option trading.
Please feel free to reach for further assistance at ca.rahuldwivedi@gmail.com or 9004485377.
Income from Future and Option Trading is considered as the business income and same set of rules is applicable. if you need any help in this regard, you can contact me at 9718046555
CA Rohit Jain 24 May 2023Option trading is considered as Speculative Business Income so ITR filing is done accordingly. Its quite typical to explain this here. Please feel free to reach for further assistance at 99295-11888.
T&C apply
