Phoenix Auditing

Day 01 :

Income Tax, Stock Markets& Salaried Employees

As you are well aware we need to pay taxes on income we earn beyond the basic exemption limit we need to pay income tax. Many of us are salaried employees and we receive our salary after our employer deducts the Tax.

If you are a stock market investor/ trader you need to be aware that any profit/loss arising from the activity also has to form part of your Return of Income.

Profit/Loss from the Share Market can be of two types
a) If you are Investor – Income will be treated as Capital Gains.
b) If you are a Trader- Income will be treated as Business Income.
Any Profit/Loss arising from the Stock Market Activity has to be reported at the time of Filing of Income Tax Return. On Profit, we will be paying taxes immediately and if in case of Loss the same can be carry forward and set off against future profits for next 8 years. In order to carry forward and set off the Losses Returns have to be filed with in Due Date i.e on or before 31st July every year.

How and what Capital Gains & Business Income is calculated…..

Stay Tuned to next post from our End.

Our post will start from today onwards. Today is first post.

We will start sharing the articles which will help you to increase the knowledge in the field of Taxation.

Good Evening guys.

We will share dedicated helpline and Telegram Chat lines soon.

Our CA’s are ready to rock the show.

You will be getting regular updates on the Tax and other knowledge information in the channel.

We have launched our brand officially today.

Services offered by Phoenix Auditing are :

1 Company Formations
a. ProperietorShip
b. Partnership Firm
c. One Person Company
d. Limited Liability Partnership(LLP)
e. Private Limited Company
f. Public Limited Company

2 Registrations
a. GST Registration
b. Profession Tax Registration
c. TDS Registration
d. PF Registration
e. Import Export Code
f. Trade License
g. Trade Mark Registration
h. MSME/SME Registration
i. FSSAI Food License

3 Filing Services
a. Income Tax Return
b. GST Returns
c. TDS Returns
d. ROC Returns

4 Advisory Services
a. GST Advisory & Auditing Services
b. Income Tax Advisory & Auditing Services
c. TDS Advisory Services
d. ROC Advisory Services

We are launching tomorrow. Be alert in the group to witness the change.

We are starting the legal formalities soon to kick start the Phoenix Auditing. Stay Tuned.

Phoenix Auditing : One step solution for all your Tax filing requirements.

We at Phoenix Auditing gives solution for everyone. We will be launching our product in the Market. Till then stay tuned in the channel. You will have all solutions ready by next financial year.

We know that every Trader and Investors finds difficult in filing Income Tax. And they end up in doing wrong things and by shelling out lot of money.