Alex R
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INCOME TAX RETURN FILING: Q n A

Alex R at 10:40 PM - Aug 14, 2019 ( ) Views: 360

3 4

Of late, since the learning contents have been a thing of the past in MUDRAA forum, there is a need to start seasonal contents required for Traders fraternity.

SInce a very important topic is missing from Mudraa, i would request members to contribute querries on ITRs and related subject in this thread so as to facilitate members here. Lets hope it goes well here.

Thx everyone.


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Alex R at 10:13 PM - Aug 18, 2019 ( )

Welcome

Rakesh Padhi at 09:33 PM - Aug 18, 2019 ( )

Thanks Alex for this informations.

Rakesh Padhi at 09:33 PM - Aug 18, 2019 ( )

Thanks Alex for this informations.

Alex R at 09:20 PM - Aug 18, 2019 ( )

image

Alex R at 09:07 PM - Aug 18, 2019 ( )

You should file the ITR if your turnover is more than INR 2 crore, and according to the income tax guidelines a tax audit is required when:

- Losses from business income (Intraday & F&O trading)
- Turnover more than INR 1 crore
- Profit is less than 6% of the total turnover
In case turnover is high but the ITR is not filed, there are chances of receiving a notice from the income tax department.

Alex R at 09:07 PM - Aug 18, 2019 ( )

You should file the ITR if your turnover is more than INR 2 crore, and according to the income tax guidelines a tax audit is required when:

- Losses from business income (Intraday & F&O trading)
- Turnover more than INR 1 crore
- Profit is less than 6% of the total turnover
In case turnover is high but the ITR is not filed, there are chances of receiving a notice from the income tax department.

Alex R at 09:30 PM - Aug 16, 2019 ( )

A very useful ITR 3 filing tutorial for traders. If u r filing ITR by urself, pls do watch this. 

https://www.youtube.com/watch?v=MRiPJFCx7Mw&list=WL&index=4&t=0s

Alex R at 10:20 AM - Aug 15, 2019 ( )

Obviously, ITR3 is to be filed.

Benedict Abraham at 10:03 AM - Aug 15, 2019 ( )

I am a trader in stock market and getting pension from government. Which ITR for to be used for filing income tax.

Benedict Abraham at 10:03 AM - Aug 15, 2019 ( )

I am a trader in stock market and getting pension from government. Which ITR for to be used for filing income tax.

Alex R at 10:42 PM - Aug 14, 2019 ( )

Remember,

31 August 2019 is the last day for filing ur returns.

So, hurry-up if not done yet.

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