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Question & Answer


P

Pavan

7 Sep 2021

Just opened a Pvt ltd company before 6 months and gave bank statement recently it's 2 days late for filing Inc of compliance. How much fine should I pay for that

Replies (1)                          

CA Mehul Aggarwal       8 Sep 2021

Hi, late filing fees for INC 20A is twice that of the normal fees, in your case, since the delay does not exceed 30 days. The normal fees depends upon the share capital of the company. For more information, please feel free to contact us on 9811896771 or camehulagg@gmail.com

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P

Pavan

7 Sep 2021

I just opened a Pvt ltd company before 6 months and gave bank statement recently it's 2 days late for filing Inc of compliance. How much fine should I pay for that

No Reply  


H

Hita Prem

7 Sep 2021

CAN A SOLE PROPRIETOR HAVE ANOTHER SOURCE OF INCOME THAT IS NOT LIABLE TO GST

Replies (1)                          

CA Mehul Aggarwal       8 Sep 2021

No

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R

Rahul Kumar

7 Sep 2021

In Fy 20-21 I have gain profit 3.60 Lakh from Share trading and delivery turnover was 8.0 crore and intraday turnover was 2 crore so total turnover was 10 crore ..my CA told me that we can show this as investment in capital gain tax and no need of any tax audit in my case but one of my friend told me that audit is mandatory in my case because turnover is more than 2 crore so kindly suggest what to do in my case ...

Replies (2)                          

CA Hunny Badlani       7 Sep 2021

Hello,
As per the details provided, tax audit in your case would be mandatory. You must go for tax audit and declare the delivery trading under non speculative business and intraday trading as speculative business under the head business/profession. Further, you can claim several eligible expenses such as trading expenses, demat charges, SEBI Fees, transaction charges, STT, IGST, depreciation on laptop/desktop, internet charges, etc.
I hope that this answer satisfies your requirements. For any query or if you want to know our charges for tax audit in your case or documents required for the same, please feel free to contact us at badlaniassociates at Gmail.

Regards,
CA Hunny Badlani
Badlani & Associates
https://goo.gl/maps/CHA32shfXavRgdLr5

CA Rohit Jain       10 Sep 2021

In my opinion, you should disclose your delivery profit under the head Capital Gain and Intraday day trading under the head Business. No need for audit.
For more details call me on 9929511888

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R

Rahul Kumar

7 Sep 2021

In Fy 20-21 I have gain profit 3.60 Lakh from Share trading and delivery turnover was 8.0 crore and intraday turnover was 2 crore so total turnover was 10 crore ..my CA told me that we can show this as investment in capital gain tax and no need of any tax audit in my case but one of my friend told me that audit is mandatory in my case because turnover is more than 2 crore so kindly suggest what to do in my case ...

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