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  1. C

    Share your Tax issues.

    as long as you are offering these transactions as business income, then you can claim the interest. But not if it is offered as short term capital gains/loss
  2. C

    Share your Tax issues.

    if I am not mistaken, since most of these stocks do not hit your depository account, the income/loss for the same itself is treated as business income/loss (speculative) (atleast ICICI gives this treatment). So, claiming expenses should not be a problem at all.
  3. C

    Share your Tax issues.

    Well, then she can ignore the advice of her distant relative.
  4. C

    Share your Tax issues.

    If this is all what we she is receiving, there is no need to file the tax return. I do not see any significant chance of her satisfying the other conditions under section 139 that makes filing of return mandatory. Still do check for compliance with the following: Where the total income exceeds...
  5. C

    Fire your tax related queries and i would get it solved!!!

    No. they have not fixed it. But as far as I remember, they did not invalidate any of such cases during processing.
  6. C

    Tax Return

    Hey Savior, Happy to help. You can share your info on text/DM.
  7. C

    Share your Tax issues.

    Yes. not that case, there is no taxability.
  8. C

    Share your Tax issues.

    no. It means you need to pay the tax on the gains post Feb 2018. Thats the meaning of grandfathering clause.
  9. C

    Share your Tax issues.

    covered under grand fathering. You need to fill in the details in schedule 112A in your tax return.
  10. C

    Share your Tax issues.

    Sridhga, Under what section the trust is registered with in the IT Act? The charitability of the trust is determined by the nature of the registration under Income-tax act.
  11. C

    Share your Tax issues.

    Hi All, I am opening this new thread for any tax related questions that you have - from derivative trading to crypto taxation. Happy to help you to the extent possible. Regards CA Nikhil
  12. C

    Fire your tax related queries and i would get it solved!!!

    First the auditor files the audit report, then you accept it and then file ITR-3.
  13. C

    Fire your tax related queries and i would get it solved!!!

    It will be 4500/- regardless of whether it is with same broker or multiple broker. Your need to calculate the turnover based on each transaction of buy/sell and its corresponding sell/buy.
  14. C

    Fire your tax related queries and i would get it solved!!!

    only if you are holding stocks as part of "inventory" else, won't claim STT for non-speculative trades.
  15. C

    Fire your tax related queries and i would get it solved!!!

    I will reply in sometime on each of the issues raised above. With regards to the issue of not having the option on the new website, everyone is in the same boat. Too many people have passed away due to COVID - most of them without a will. So even a legal heir finalisation itself is an issue.
  16. C

    Fire your tax related queries and i would get it solved!!!

    for intraday and derivatives, you will claim STT as an expense.
  17. C

    Fire your tax related queries and i would get it solved!!!

    can you message the details. would need a item specific tax calculation here. as such for the incomes already accrued in the name of deceased person, the taxability will have to be discharged by the legal heir (generally only one person, even if there are more people legally considered as heirs).
  18. C

    Fire your tax related queries and i would get it solved!!!

    It is possible that it is already processed but you have not received any intimation and that the website is still showing it as pending! In many cases, where 143(1) has already been issued, the online status is still not updated.