Comment on Notice under Section 139(9)? - Possible reason

Nithin Kamath commented on 15 Apr 2015, 06:58 PM

Vikash, the entire declaring turnover is quite a grey area. Check page 24 on this link, it says that premium received on sale of options to be included in turnover. At Zerodha we have also today released a new report which gives tradewise absolute sum of profits/losses. So it basically adds up absolute sum of all profits and losses of each individual trade you have taken, along with the sell value of options. This is probably the most compliant way of declaring turnover.

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