WebAs a first step, it is important to classify your activity in to various buckets. Consider these: * Intra-day stock trading activity * Investments in equity shares (held for the longer term) or... WebHere we take a detailed look at the two heads of business income (speculative and non speculative) and their tax treatment. We also studied key terms such as BTST, Advance …
New ITR Forms for FY 2024-23 (AY 2024-24): Everything you need …
WebApr 13, 2024 · ITR-1 or Sahaj is a type of Income Tax Return Form used by a resident individual in India. This form is applicable for the Assessment Year 2024-24. The form is applicable only if the individual's total income for the year includes the following: Income from salary/pension. Income from one house property (excluding cases where losses are … WebSep 4, 2024 · Any loss other than intraday transaction in shares can be set off against income from any other head except against your salary income This cannot even be … iowa fireworks permit
35 Easy Ways to Save Income Tax in India (Updated for FY 2024 …
WebApr 13, 2024 · ITR-1 or Sahaj is a type of Income Tax Return Form used by a resident individual in India. This form is applicable for the Assessment Year 2024-24. The form is … WebApr 12, 2024 · April marks the beginning of a new financial year, which is when usually new income tax laws come into effect. For the financial year 2024-24, the government has revised the income tax slabs under the new tax regime to make it more attractive in comparison to old tax regime.Further, many other benefits have also been brought under … WebA prime benefit of showing the loss is you may set it off against any other income earned by you. A loss on an F&O trade can be adjusted against all income apart from your salary. This may include the income from house property, business or profession, or any other source. It reduces your overall tax liability. Let us take an example. opb annexe 4