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

sreen commented on 28 Jun 2015, 10:29 PM

Thanks so much for all the help Nithin!

No, I do not have any other speculative transactions. So as my option is:

– ITR4 and no Tax Audit required.

– Despite Total Turnover in Delivery Trades was >1.25 Crores Tax Audit is not mandatory and any Profit/Loss can be shown as Capital Gains/loss in ITR4? ( b/c. Salaried Individual, not involved with any formal Business or Profession).

If I am wrong kindly correct me.

Kind regards

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