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https://www.incometax.gov.in/iec/foportal/help/how-to-authorize-signatory

The link is missing for me too. On the new site it should be under the "Authorized Partners" tab.
You have already written to them. Maybe wait till Sept and if the issue does not resolve, confirm with a CA and file from the deceased person's ID itself?

PS - there's a chat facility on the link above. Try and live chat with an agent about the missing link.
 
Last edited:

milkyblack

Well-Known Member
@canikhil

In case of derivatives trading how will the turnover be calculated in case of multiple brokers but same contract is traded.

Example

Broker 1- NIFTY SEP CONTRACT PROFIT OF Rs 2500/-
Broker 2- NIFTY SEP CONTRACT LOSS OF RS 2000/-

TO

2500 + 2000 = 4500
OR
2500-2000 = 500

Thanks
 

canikhil

Well-Known Member
@canikhil

In case of derivatives trading how will the turnover be calculated in case of multiple brokers but same contract is traded.

Example

Broker 1- NIFTY SEP CONTRACT PROFIT OF Rs 2500/-
Broker 2- NIFTY SEP CONTRACT LOSS OF RS 2000/-

TO

2500 + 2000 = 4500
OR
2500-2000 = 500

Thanks
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.
 

milkyblack

Well-Known Member
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.
Thanks for the clarification, I was under the impression that PNL contract wise has to be calculated for the purpose of TO. If per trade wise then it is going to increase the TO a lot for active option traders and will not be able to opt for presumptive income as the threshold is 2CR.
 

brokenbull

Well-Known Member
for intraday and derivatives, you will claim STT as an expense.
zerodha sends a daily contract with lumpsum STT debit including all intraday & CNC trades.
Finvasia sends daily contract with seperate STT for delivery & intraday trades.
In zerodha -Do we have to open all daily contracts one by one & calculate intraday trade;s stt by calcualting -.0125%on the sale amount?
CA Nikhil -Iam yet to email you.
But for for the benefit of all traders /prospective clients for you to do Tax audit
Do you mind quoting your fees & is there any volume defenition of no of trades/ no of dmat accounts etc to define charges?
all these years I was filing ITR1 .so no local auditor. but If you are specialising in stock market speculator tax filing- I dont mind (though we are in different cities & all clarification /face to face meeting is via skype or gmail video chat.)
Hoping tax filing deadline will be postponed.
Just now getting Interest Certificates from all the banks (as no TDS for senior up to 50k interest in each bank)I have global statements from both brokers. what documents you need for filing ITR3 with trading as a business as lot of intraday equity (+ of course CNC delivery equity trades all short term ) +commodity (gold/silver) future trades
 
What kind of records will I need to maintain ? Guest register with signatures ? PAN / Aadhar of the guests ? Minutes of the meeting ? Hotel/ expense bills ?

Is there any limit to such expenses ?
 
ITR filing date extended to 31.12.21

The due date of furnishing of Return of Income for the Assessment Year 2021-22, which was 31st July 2021 under sub-section (1) of section 139 of the Act, as extended to 30th September, 2021 vide Circular No.9/2021 dated 20.05.2021, is hereby further extended to 31st December, 2021;

CBDT Circular No.17/2021 in F.No.225/49/2021/ITA-II dated 09.09.2021 issued. The said Circular is available on www.incometaxindia.gov.in.
 

brokenbull

Well-Known Member
ITR filing date extended to 31.12.21

The due date of furnishing of Return of Income for the Assessment Year 2021-22, which was 31st July 2021 under sub-section (1) of section 139 of the Act, as extended to 30th September, 2021 vide Circular No.9/2021 dated 20.05.2021, is hereby further extended to 31st December, 2021;

CBDT Circular No.17/2021 in F.No.225/49/2021/ITA-II dated 09.09.2021 issued. The said Circular is available on www.incometaxindia.gov.in.
If Iam not mistaken filing ITR-3 with tax audit is 15th FEB 2022 due date?
 

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