Comment on Tax loss harvesting opportunity - FY 2017/18

rekhaben ahir commented on 27 Dec 2018, 02:29 PM

dear sir i want to know that i hve incometax scrutiny noitce by that in year my other bussiness income show by return no paid tax and no audit no show trading account
but b now noitce in say that i hve f&o loss 21 LAKH AND SHORT TERM LOSS-188000 AND SPECULATIVE INTRADAY PROFIT WAS -341000 SO OFFICER ASK ME TAX ON SPECULATIVE INCOME 341000 AMOUNT TO 50000 ATX +INTREST ABOUT 16000 TOTAL= 65600 TAX TO BY ME PAY TO INCOMETAX . GO TO PAID TAX IT NO ADJUST IN LOSS ON F&O AND SHORTTERM LOSS.SO PLS GUIDE ME. MY QUERY THAT I HVE LOSS-2100000 &-188000 = -2288000 +341000=1947000 TOTAL LOSS I HVE SO WHY PAY TAX?

View the full comment thread »