Taxation Discussion

lemondew

Well-Known Member
#62
Re: General Trading Chat

Moderators,

You moving the posts. Am planning to link these threads at caclubindia.com and check for any CAs who can provide certification for nominal fees for equity traders and if someone can look to be specialist in this area.

It makes little sense for me to go to CA whos a master and looking for corporates but knows nothing about equity traders. In my opinion he ll always be boasting about how much he knows and that no audit is required and I dont want to fool myself by thinking I have payed a knowledgable man when infact hes least interested in even learning about equity trading and whereabouts.
 
#63
Re: General Trading Chat

Moderators,

You moving the posts. Am planning to link these threads at caclubindia.com and check for any CAs who can provide certification for nominal fees for equity traders and if someone can look to be specialist in this area.

It makes little sense for me to go to CA whos a master and looking for corporates but knows nothing about equity traders. In my opinion he ll always be boasting about how much he knows and that no audit is required and I dont want to fool myself by thinking I have payed a knowledgable man when infact hes least interested in even learning about equity trading and whereabouts.
Nobody will have either time or interest to go through all the posts. You may post your specific querry on caclubindia.com and get the feedback.

In any case the posts will be shifted....not deleted.

Smart_trade
 
#65
Re: General Trading Chat

Sir,
i think it's 2.5 - in 2014-2015 and coming year too.
Individual has exemption limit till 2.5
Yes the text of the circular is from 2013...so it mentions 2 L but now it should be 2.5 L

ST
 
#66
Re: General Trading Chat

So all loss makers and traders with income less than Rs 2 Lacs ...no audit if the turnover is below 1 Cr....

As I have searched this from Govt's clarification, ek party banti hai bhai...:D

ST
ST Sir,This year,I made hardly 40k Profit trading F&O.And I get 50k as a FD Interest.So my Income is 90k.
DO I need audit considering abv statement?

Last year,I didnt file any return as I had -10k loss and 42k as a FD Interest.I missed to file Return what should I do now?
 

TraderRavi

MM is the holy grail
#67
Re: General Trading Chat

ST Sir,This year,I made hardly 40k Profit trading F&O.And I get 50k as a FD Interest.So my Income is 90k.
DO I need audit considering abv statement?

Last year,I didnt file any return as I had -10k loss and 42k as a FD Interest.I missed to file Return what should I do now?
audit depends on turnover
 
#70
I can only tell that government should really make our taxes much much lower for all of us if they do not want to make it so bad, taxes in India are very very high no matter how you look at that. Thanks for all that things completely.
 

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