Comment on Taxation Simplified

Nithin Kamath commented on 29 Jul 2013, 03:15 PM

Divyesh,

Last date is 31th July for those without audits and 30th Sept for with audits. In your case since you have done active equity trading and also made a loss, according to section 44AD you will have to get your books audited, so you will get time until Sep 30th.

Even if you deposit cash, you are accountable for the source.

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