Comment on Notice under Section 139(9)? - Possible reason

Narasimham commented on 20 Oct 2016, 11:47 PM

Dear Sir,
I am a newly joined trader and now slowly doing trading on zerodha platform.I need your clarification on the following:
Dear Sir,
This blog is very educative and deserves appreciation.However need your advice on the following.
I have started this intraday equity (cash) trading for the last 3 to 4 days and the turn over (cost of buy & sell shares)amounts to 17lacs,7lacs ,20 lacs per day etc.Net profit / loss is under loss .However will this huge turnover amount running into lacs of rupees per each day has any bearing /criteria for income tax purposes or any other related matters in future.The margin money is promptly provided by Zerodha.

Awaiting your reply per return please.
Best regards.


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