Comment on Taxation for Traders - Introduction
commented on
25 Jul 2017, 01:15 PM
For FY 2016-17 I have a Pension Income of 94,000/-,Long Term Capital Gains of 1,42,000/-(Sale Value-5,12,000/-),Short Term Capital Gains 84,000/-(Sale Value 4,26,000/-) and Derivative(Futures Trading) Losses of 1,75,000/-(Turnover i.e Addition of profit & loss figures is 18,31,000/-) on Shares traded through online platform.What amount shall I consider as Turnover for the purpose of Presumptive Income while preparing ITR-4 Sugam.At what rate 6% or 8%,shall I calculate Presumptive Income on this while preparing ITR-4 Sugam?