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RAVIKUMAR JENTIBHAI NAGAR

Good morning sir,
As a share market trader can I take benefit as a expense show below image
In this image 6 changes mentioned can I show all changes as a expense in my ITR 3 return form
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Amlan Dutta
Delivery based trading shall be offered as capital gain whereas speculative shall be offered as business...for delivery, you can add brokerage in permissible expenses ..whereas for business expense, you can show STT as a eligible expense ..rest cannot be shown as expense ...i wont be able to do tuto...
  • September 7, 2018
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Jitendra B
In Capital Gains while calculating for equity shares and equity MFs, I have read somewhere that STT cannot be considered as deductible item.


Read more at:
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  • September 7, 2018
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RAVIKUMAR JENTIBHAI NAGAR

Hello sir
I am stock market trader and my agreegate turnover greater than 20 lac to muje GST no. Lena padega
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Amlan Dutta
It is true that businesses that have annual turnover greater than 20 lakhs have to seek GST registration...but under GST act , there is negative list and exempt list and businesses falling under such are not required to register for GST .. since stock market i does not fall under GST purview,you...
  • September 3, 2018
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Debkanta Paul

Sir what is quoted and unquoted govt securities in the application of funds in balance sheet of ITR3 ??give examples
I have fixed deposit, mutual fund debt & equity and post office mis. Then which asset will come against which column in application of funds??
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S K Bhutani

Hello sir, actually I have income as contractual employee/retainers. So in itr3 i am filling only the last section "no accounts case" in balance sheets as well as p and l. Will I be eligible for deprecation of assets? Also where can I add phone expenditure and driver expenditure?
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AYUSH
In no a/c case you are required to file no a/c case of both as shown below you cannot claim depreciation and phone expenses separate in p&l
In no a/c case you are required to file no a/c case of both as shown below you cannot claim depreciation and phone expenses separate in p&l In no a/c case you are required to file no a/c case of both as shown below you cannot claim depreciation and phone expenses separate in p&l
  • July 15, 2018
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rinkal

ITR 3...
if i am freelancer + doing stock market as Hardik asked below. which schedule is applicable from all schedule in excel utility of ITR 3. (i am sure that general and TDS and couple other are must require

But i am not sure for

(1)freelancing income (Technical consultant) and what section need to fill...
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Amlan Dutta
I won't be giving a detailed answer but the income schedules that relate to your scope of taxable income must be filled in the return utility and rest i.e salary, house property, other sources etc can be kept blank

1.) For freelancing income , this is profession income therefore PL and BS must be fi...
  • July 12, 2018
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Debkanta Paul

Amlan sir pls tell me if I am a professional ( private tution) and filling ITR3 in no account case then what detail should I fill in the column if Sundry creditors ,,debtors ,,stock in trade and cash balance.
I am not doing any business then should I keep this blank( for your vivid understanding m...
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Amlan Dutta
The word sundry comes from miscellaneous which cannot be pointed at ...so sundry sales means miscellaneous sales

Your business ( Intraday trading ) has no question of sundry creditors.... Sundry creditors are trade related purchases that you have made on credit ( you shall return them money after so...
  • July 10, 2018
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Debkanta Paul

Sir I generally file ITR4 u/s 44AD now i have capital gains also for this financial year. So can I file ITR3 and also get benefit of Presumtive scheme u/ s 44AD??
If I computer net profit in P& L account of ITR3 the net profit automatically comes to the A1 of schedule BP. Now how to show it as u/s ...
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SANTANA SINGHNIA

Sir I am new to the site. I generally file my business income in itr4 for Presumtive scheme 44AD.( Turnover is less than 2 crores) . But this year I also have capital gains from mutual fund but itr4 does not have any section for capital gain.
1)Now I need to file ITR3 but where would I show my busin...
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AYUSH
Hey, Santana you can file itr 3 but it is 53(i) where no account case you have to put all that info
Hey, Santana you can file itr 3 but it is 53(i) where no account case you have to put all that info Hey, Santana you can file itr 3 but it is 53(i) where no account case you have to put all that info
  • July 9, 2018
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surajit kar

Hi Amlan,
I have faced many difficulties during my ITR3 e-filing though i tried to fill-up but speculative income cant show 3ii field on PARTB-TI.
could you please help me to do that?
I have already filled salary part with guidance of your tutorial.
I need your guidance to fill speculative trading ...
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surajit kar
+2
  • June 12, 2018
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Harsh Chhabra

Dear Amlan
1)If one piece of land was purchased in 11 april 2001 in the name of my wife and her brother which was 63 sq yards and another adjoining land measuring 21 sq yards was purchased in 18 july 2002 which was in the name of only one person ie. My wifes brother how to take cheques on sale ie....
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Amlan Dutta
1.) It is of no consequence in whose name the land is ...figure out who has paid how much for the land ...that will determine the co-ownership .....For determining capital gains , figure out first indexed cost of acquisition ...... if purchases are made in separate years , figure out separately the...
  • June 4, 2018
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Harsh Chhabra
how will the capital gains calculated if my wife receives a lumpsum amount from her brother and in return give a reliquishment deed to him
  • June 4, 2018
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