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

amolsarode1 commented on 20 Feb 2017, 01:16 PM

Dear Nithin,

I am salaried individual doing FnO trading and incurred loss so filed ITR and filled P&L and Balace sheet.

As I said earlier: “I have taken item 45 of P & L to BP-A1” : This value is negative as I incurred loss.
Now, Sr. No 3 of BP is Zero which means its more than the top line?
Negative values are not allowed in Sr. no.3 and also Positive values are increasing the loss which I don’t want.

My P&L is not having my salary. I have added Salary in only Part B-TI TTI. should I include it in P&L and then reduce the same in sr. no 3? Where should I put salary in P&L? Is Section 2X (Any other income (specify nature and amount) ) correct for it?

Amol Sarode

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