Comment on Taxation Simplified

Nithin Kamath commented on 27 Jun 2013, 11:05 AM

lala33Jun 27 2013, 4:30 pm

Turnover of 1 crore is to be taken only for FNO segment or will it be applicable to all segments ? Should the turnover be calculated on all segments like the FNO segment example given above, club them all together to arrive at actual turnover for all segments put together ?

Since I have made only losses in all segments last year, is it really necessary to show the loss in the returns ? It would be very hectic to find out the P/L and settlement turnover at this point of time, just one month before the last date for filing of returns.

I have accounts with more than 5 brokers for various segments and most of them do not even have the basic financial reports in their back office, I will have to compile everything from the contract notes which will take a lot of time.
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