Comment on Taxation for Traders - Introduction
commented on
19 Aug 2015, 05:46 PM
IT dept is sending out automated notices to people who have traded but not filed returns. If you have made net loss for that year, I guess you can meet the ITO and explain him that. Probably carry all your bank statements, trading ledger and P&L. Best to do it through a CA. No need to worry if your haven’t evaded paying any taxes.