Comment on Tradetax for income tax returns when trading
commented on
25 Jul 2017, 11:55 AM
Dear Nithin sir
I am trading from last year and I got some losses.these are the details:
Intraday/speculative profit 16084.75
Intraday/ speculative turn over 27070.95
Short term profit -71277.57
Short term turnover 2721210.3
Futures realized profit -3000
Options realized profit – 268328.75
Futures turnover 24000
Options turnover 3216573.75
Sir my queries is 1) whether audit is required or not?
2) which itr is applicable to file ( I am a salaries person)
3) if I do not show these losses then what will be the effect on my trading?