Comment on Taxation Simplified

Tilak commented on 08 Mar 2014, 01:31 AM

Trading is my only job nothing else

Assume I have profit of 12 lakhs in delivery based shares (delivery time 2-3 months)
And profit of 5 lakhs from stock future
1.Going through this whole blog if I show myself as trader can their be query by ITO for a short term capital gains which are 11 lakhs..?
2.Since I have profits can I still opt for 44ad if not then which ITR should be opted and do I need any documents to attach while filing returns?
3.Why are you suggesting to file return as trader not investor what are the benefits?
This was nice to see that you help people in this busy world
Thanks in advance bro..

View the full comment thread »