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

sreen commented on 29 Jun 2015, 11:24 PM

Dear Nithin,
Thanks a lot for your time once again. I got your point.

Here is the situation once again, may benefit other readers as well!
1. Intraday Trades: Total Turnover Rs. 6,600/-

Intraday Trades: Total Profit Rs. 4200/-

Profit on Intraday Trades (Rs.4200/-) was more than 8% (Rs.528) of Total TURNOVER of Intraday Trades (Rs. 6,600) and hence the ITR4 without Tax Audit.

Apart from above, rest is as follows:.

2. Turnover of Trades-Delivery = 1,25,00,000/- ( rounded off).

Trades- Delivery P/L = – 4500/- (Short Term Capital Gains/Loss).

3. Salary Income = 5,00, 000/- (Approx).

4. Some Bank Interest.


I need to file Return on ITR4 without Audit due to following conditions:

“Intraday Trades (speculative income, Turnover 8% of Turnover)” and “Delivery Trades (Capital Gains/Loss)”, Salary income and Bank interest.

Hope my assumption is right and not misleading to other readers.

Best regard

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