Sir I have a salary income for Rs 5 lac and loss from intraday trading Rs 4 lac and trunover also 4 lac ...should I need to maintain books of accounts. And required tax audit in this case.. please reply
Sir , following are my data. Plz suggest whether I have to maintain books or not and should I file itr, if yes then which itr 2 or 3 1- salary =0 2- short term capital gain on equity = 2.3 lac 3- dividend = 4k 4- interest from bank = 26k 5- fno loss of 750 (turnover is also 750) Plzz respond soon
Sir, Very Useful. Just one query. I have income from salary / pension around 10 Lacs/-and loss from Option trading is about Rs 50000/- . Should I maintain book of account U/S 44AA ?
Sir, Following are my data. Let me know if Books of account or Audit is required. Short term capital gain: 7,85,000 Salary Income: 0 Interest income: 1,45,000 F&O turnover: 26,00,000 F&O loss: 3,50,000 All Previous Year incomes are below 2,50,000 As per my understanding Books of accounts is required. What about tax Audit? Kindly let me know.
Suppose I have income from salary as well as business income. Income from salary is 5 lakh and income from business is 25,000. In this case a book of account is required or not?
Sir my salary is 15,00,000. Intraday turn over 1.82 lakh , intra day profit 1.7 lakh. Total sale of short term trade 1.26 crore and profit of 52k . Do i need to maintain book of account and am i applicable for audit?
Sir,i have income from short term gain is 5 lakh and f&o loss is 1.1lakh and turnover is 4 lakh ,should i maintain books of account, and balance sheet in itr3.
Sir i have 9 lakhs salary and started start up of real estate agent but in loss as appointment a person with rs 60000 salary pa can i set off against income from interest do i require to maintain books of accounts
Sir, if other than notified professional 44ADA opt karte hain, and income > 50%, Gross receipt < 50 Lakh, income > Basic exemption limit, hai to bhi section 44AA apply hoga kya Books of Accounts maintain karne ke liye? Pls make a video on this. 🙏 For example, gross receipt = 10 Lakh, income = 6 Lakh, iss case mein agar 44ADA opt karte hain to bhi Books of Accounts mandatory hai kya as per 44AA?
Sir I am salaried employee with salary 11 lacs and also invested in short term equity shares with sale amount more than 25 lacs and turnover of 20k in intraday.. do I need to maintain books of account or tax audit
Maintain books or show your income under section 44ADA presumptive profession where no need to maintain books only declare minimum 50% profited of gross receipt
@@vpstca But F&O loss can be adjusted against profit of other in this year only because profit is more then loss so no need to Carry. Still need to maintain BA?
Agar aap no account case Karenge means books maintain Nahin Karenge to Jo system hai vah aapke loss ki negative figure lega hi Nahin to isiliye main bol raha hun ki aapko books maintain Karni padenge
hello sir i do only intra trading in equity segment…. my income from intra/speculative trading is 4 lakh…. does it comes under section 44aa…do i have to maintain books of accounts ? as it is not business/ profession
Intraday is speculative business so as per section 44aa you have to maintain books for Normal business like future and option so not applicable for intrday
@@vpstca Equity delivery turnover ( I do swing trading ) is more than 25 lakhs so which head do i need to show it bussiness income or short term capital gains ? and do i need to maintain books of accounts.
I am a govt. teacher and earn salary of ₹ 6,00,000/- and earn more than 2.50 lakh in F&O, Delivery and Intraday. Should I maintain business of accounts ?
I am a government employees my salary is 727000 rs, f&o loss -8696 rs, intraday loss -2696, long term capital gain -363 and short term capital gain is 31000 . Kya mujhe books of account maintain krni padegi
Hello sir My income 1. Tuition: 25,000 2. Interest bank : around 40,000 & dividend 273 3. FY 23-24 one intraday trade (Profit rs 348) 4. Delivery trading : Sale value : around 3 lakh Profit : 1856 (Short term loss -3500 Long term profit 5300) Kya book of account banani padegi
नमस्ते सर जी , मै intraday n equity share trading मे मेरा turn over, tax audit मे cover हो रहा है, tax audit ke केस मे मेरी ITR filing due date 30.09.24 रहेगी या फिर 31.07.24. मै पेंशनर हुँ और, share trading का business भी करता हुं. Thank n Regards.
Sir, if non-notified professional 44ADA opt karte hain, and income > 50%, Gross receipt < 50 Lakh, income > Basic exemption limit, hai to bhi 44AA section apply hoga kya books of Accounts maintain karne ke liye? Iss per bhi video banayen. 🙏
![GEEK TIMË [OFFICIAL AUDIO]](http://i.ytimg.com/vi/ry-6RvkH880/mqdefault.jpg)
ye check kaise karenge ki income 250000 ya gross receipt 25 lakh se jyada hai kya agar books of accounts nhi banate toh
ये तो आपको पता ही होगा अगर आप businrss करते हैं
Sir I have a salary income for Rs 5 lac and loss from intraday trading Rs 4 lac and trunover also 4 lac ...should I need to maintain books of accounts. And required tax audit in this case.. please reply
No, Intraday loss without books भी दिखा सकते हों and no Tax Audit is required
@@vpstca
FnO loss without books of account dikha sakte hai?
pension with in 1 lakh and loss in f&o trades should I have to maintain books of accounts.?
Yes
Sir , following are my data. Plz suggest whether I have to maintain books or not and should I file itr, if yes then which itr 2 or 3
1- salary =0
2- short term capital gain on equity = 2.3 lac
3- dividend = 4k
4- interest from bank = 26k
5- fno loss of 750 (turnover is also 750)
Plzz respond soon
File itr 3
@@vpstca is it mandatory to file itr in my case???
Very Informative and helpful video!!
Sir, Very Useful. Just one query. I have income from salary / pension around 10 Lacs/-and loss from Option trading is about Rs 50000/- . Should I maintain book of account U/S 44AA ?
Yes
Sir, Following are my data. Let me know if Books of account or Audit is required.
Short term capital gain: 7,85,000
Salary Income: 0
Interest income: 1,45,000
F&O turnover: 26,00,000
F&O loss: 3,50,000
All Previous Year incomes are below 2,50,000
As per my understanding Books of accounts is required. What about tax Audit? Kindly let me know.
Yes please maintain books of account no need for tax audit
very informative. do you file itr for others? what are the charges?
Yes, it depend on type of itr drop your no. At vpstca@gmail.com I will call you
@@vpstca thanks
Hello Sir. I get salary around 14 lakh and LIC Commission 12,000/- . Which itr form should I submit?....plz give suggestion. Thank you in advance.
Is there any TDS deduction on LIC Commission if not please mention in ITR 1 as other sources income
@@vpstca Thank you Sir....There is no any TDS deduction on LIC commission. So I can go with ITR 1. Is it correct?
@@vpstcacourt svil Recovery suit case main Kccha Artiya commission agnet ko account khta vahi books maintain karne hai
Suppose I have income from salary as well as business income. Income from salary is 5 lakh and income from business is 25,000. In this case a book of account is required or not?
No
Sir mera salary 480000 and fno 140000 profit hai ,kya book of accounts maintain kare ya nahi
Sir my salary is 15,00,000. Intraday turn over 1.82 lakh , intra day profit 1.7 lakh. Total sale of short term trade 1.26 crore and profit of 52k . Do i need to maintain book of account and am i applicable for audit?
No
@@vpstca sir one last question do i need to maintain balance sheet
@@vpstca thank you so much for replying sir . Very informative video 👍😊
Sir bank cash deposit - 8 cr
Cash withdrawal - 8 cr
Sallary - 270000
So what i do sir please answer sir....i am confused
Yes, need to file itr if cash deposit is more than Rs 10 Lakh or Rs 50 Lakh for Saving and Current Account
@@vpstca cash deposit 10 core hay...humko Kaya audit korna hoga
Sir,i have income from short term gain is 5 lakh and f&o loss is 1.1lakh and turnover is 4 lakh ,should i maintain books of account, and balance sheet in itr3.
Yes, due to f&o loss you have to maintain books of account
Sir i have 9 lakhs salary and started start up of real estate agent but in loss as appointment a person with rs 60000 salary pa can i set off against income from interest do i require to maintain books of accounts
No you can't adjust your business losses with salary
Very useful and in such an easy manner....thnx sir ❤
Sir, if other than notified professional 44ADA opt karte hain, and income > 50%, Gross receipt < 50 Lakh, income > Basic exemption limit, hai to bhi section 44AA apply hoga kya Books of Accounts maintain karne ke liye? Pls make a video on this. 🙏
For example, gross receipt = 10 Lakh, income = 6 Lakh, iss case mein agar 44ADA opt karte hain to bhi Books of Accounts mandatory hai kya as per 44AA?
अगर आप 44ADA choose करते है तो uss केस मैं आपको books maintain नहीं करनी होती है
Is this include future and option trade. If less than 1.5 l. For example 15000 then required to mentain accounta
Yes, income from business देखी कह जाती है and F&O is your business income
Sir i have income from salary which is 11 lakh and f&o loss of 70k (started last year only). Do i need to keep books of accounts?
No
Mostly koi maintain nahi krate hai.
Sir I am salaried employee with salary 11 lacs and also invested in short term equity shares with sale amount more than 25 lacs and turnover of 20k in intraday.. do I need to maintain books of account or tax audit
@@SagarKumar-mn8dv no need for books and tax audit file ITR 2 and Intraday ko bhi Short Term mae hi add kar lo
@@vpstca Thank you so much for the clarification 🙏
Hello sir, i am an individual IT consultant with income of 6.4 lacs. Do i need to maintain book of records?
Maintain books or show your income under section 44ADA presumptive profession where no need to maintain books only declare minimum 50% profited of gross receipt
Dear Sir, I have Intraday loss of 2.5 lac and 5 lac income from short term trading. do I have to maintian books?
No
For Intraday loss system is accepting loss (minus) figure in Gross profit that is why no need to maintain books
Sir I have a salary income of 7 lakh.
1 lakh profit from Intraday, STCG, and LTCG including MF.
50000/- loss in F&O.
I need to maintain BA?
Yes, for carry forward of F&O loss
@@vpstca But F&O loss can be adjusted against profit of other in this year only because profit is more then loss so no need to Carry.
Still need to maintain BA?
Agar aap no account case Karenge means books maintain Nahin Karenge to Jo system hai vah aapke loss ki negative figure lega hi Nahin to isiliye main bol raha hun ki aapko books maintain Karni padenge
Current year mein loss set off karne ke liye bhi aapko books maintain karni padegi
Sir, i have FNO 150000 and 44ADA income should i maintain book of account
If there is loss in f&o then maintain books of accounts
hello sir i do only intra trading in equity segment…. my income from intra/speculative trading is 4 lakh…. does it comes under section 44aa…do i have to maintain books of accounts ? as it is not business/ profession
No books
@@vpstca consequently 3 saal agar per year 3 lakhs ke upar equity intrday income ho and total buy and sell value 25 lakh se jyada ho tab ?
Intraday is speculative business so as per section 44aa you have to maintain books for Normal business like future and option so not applicable for intrday
@@vpstca Equity delivery turnover ( I do swing trading ) is more than 25 lakhs so which head do i need to show it bussiness income or short term capital gains ? and do i need to maintain books of accounts.
@@himangsusarmahkashyap5739 Yes, books must in your case as per section 44AA
Sir i have ~35lakh turnover and net pnl 2.65Lakh in FNO do i need to do it?
Yes Books maintain करनी पड़ेंगी
I am a govt. teacher and earn salary of ₹ 6,00,000/- and earn more than 2.50 lakh in F&O, Delivery and Intraday. Should I maintain business of accounts ?
Yes
@@vpstca इसके लिए अलग से CA के पास जाना पड़ेगा या इसी रिटर्न में हो जाएगा ?
@@bharatsanatan87 You can check this video ruclips.net/video/3agnFmFFfG8/видео.htmlsi=c9iWttltCpuX30MS
I am a government employees my salary is 727000 rs, f&o loss -8696 rs, intraday loss -2696, long term capital gain -363 and short term capital gain is 31000 . Kya mujhe books of account maintain krni padegi
@@vpstcaand in case of loss
Sir agar intraday se 4 lac ka profit ho tab to book maintain karna hoga na
No, Bcoz Intraday is not a normal business like F&O it is speculative business
@@vpstca sir in this case his income is more than 2.5 lac sec 44AA than why he he not neet to maintain book of account
Sir my income 264000 stcg 150000 intraday 170000 do i have to maintain book of account
My income Rs 264000 is it business income?
@@vpstca sir 264000 is salary
salary income 264000 ,intraday 170000 and stcg 150000. Do i have to maintain book of account?
Salary@@vpstca
@@rahul.negi9 no books of Accounts
Hello sir
My income
1. Tuition: 25,000
2. Interest bank : around 40,000 & dividend 273
3. FY 23-24 one intraday trade (Profit rs 348)
4. Delivery trading :
Sale value : around 3 lakh
Profit : 1856
(Short term loss -3500
Long term profit 5300)
Kya book of account banani padegi
No file ITR 2 and club intraday with short term capital gain
@@vpstca ok sir thanks
Itr 3 bhi file kar sakta hu kya sir , no account case me ?
Yes, kar sakte ho ITR-3 file choose no account case
@@vpstca thank you so much sir
नमस्ते सर जी ,
मै intraday n equity share trading मे मेरा turn over, tax audit मे cover हो रहा है, tax audit ke केस मे मेरी ITR filing due date 30.09.24 रहेगी या फिर 31.07.24.
मै पेंशनर हुँ और, share trading का business भी करता हुं.
Thank n Regards.
Sir pls make a vdo itr computation on excel
Itr computation on excel?
Sir, if non-notified professional 44ADA opt karte hain, and income > 50%, Gross receipt < 50 Lakh, income > Basic exemption limit, hai to bhi 44AA section apply hoga kya books of Accounts maintain karne ke liye? Iss per bhi video banayen. 🙏
@@kayaveer if you opt 44ADA than no need to maintain Books of Accounts
SIr
My short term profit 12.5 luck
And interday 2.2 lack.
May I maintain books of account
No