Comment on Taxation for Traders - Introduction

Last year I have submit tax return with audit format, CA calcualate F&O and intra turvover is buying and selling turnover so its come above 1 cr so we filled as a audit format form but not audit just put buy turnover and sell turnover and difference as a loss. But they send 271 B because of not submit audit report. Today I have studied in Internet Turover of F&O and Intraday is Total of either positive or negative of difference of buy and sell, In that case my turnover is 30 lacs, So what can i do and tell to Income tax people, please reply.

View the full comment thread »