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

[psvaja]

Hi all,

I wish to know that, is it possible to create pvt ltd company and trade in equity as well as derivatives market ?

Please reply

Pravin

 

[uncleji]

I want to know for FY 2010-2011 march 2011 salary which is credited in a/c in 01-apr-2011, will be consider as 2010-11 salary or next financial yr income in terms of income tax calculation . also if payroll cycle is 21-20 of each month and salary credited to each month on 1st, then march month salary will be treated of which FY salary for income tax calculation.

 

[gaurav1992]

Is tax audit compulsory for a share trader?

I purchase shares of 2 lakhs daily and sell them on the same day. (marginplus)

so the annual turnover will exceed 60 lakhs.

and as per sec 44AB of IT Act it is compulsory to get accounts audited, for the assessee whose annual turnover exceeds 60 lakhs.

so is there any provision to get rid of audit or i have to get my accounts audited?

thanks in advance.

 

[uncleji]

I want to know for FY 2010-2011 march 2011 salary which is credited in a/c in 01-apr-2011, will be consider as 2010-11 salary or next financial yr income in terms of income tax calculation . also if payroll cycle is 21-20 of each month and salary credited to each month on 1st, then march month salary will be treated of which FY salary for income tax calculation.

 

[krishere]

hi....

my few questions...

1. Is it legal to do forex trading with brokers outside India.

2. If yes, how do we show the relevant accounting enteries???

3. Under what heading does this income come.

If answer to first question is no, there are a few people here doing the trading, how do they do it????

Krishna.

 

[tukai29]

is the money we get as stipend from educational institution is taxable...

they give 20 k rs per month ....so adding up it is 2.4lakh...

if i do not save up..is it taxable...

please advice...

 

[nbt_honda]

Could I get a specimen copy of itr4 filled up for filing my IT for short term capital gains.(shares)

Please help.

 

[uncleji]

I want to know for FY 2010-2011 march 2011 salary which is credited in a/c in 01-apr-2011, will be consider as 2010-11 salary or next financial yr income in terms of income tax calculation . also if payroll cycle is 21-20 of each month and salary credited to each month on 1st, then march month salary will be treated of which FY salary for income tax calculation.
Reply With Quote

 

[kkb987]

Hi all....

I thought a lot of our traderji members would be having taxing issues...Hence i am launching this thread for people who wish to seek some advice on issues pertaining to Income Tax or Service Tax....

I would try to solve them to the best of my ability and knowledge....

See Ya all....

I WOULD LIKE TO ASK ONE QUESTION??

can a partnership firm have profits from commodity trading in derivatives??

 

[uncleji]

I want to know for FY 2010-2011 march 2011 salary which is credited in a/c in 01-apr-2011, will be consider as 2010-11 salary or next financial yr income in terms of income tax calculation . also if payroll cycle is 21-20 of each month and salary credited to each month on 1st, then march month salary will be treated of which FY salary for income tax calculation.