Comment on Taxation Simplified

Tilak commented on 08 Mar 2014, 09:48 AM

1. But you didn’t replied whether short term capital gain can be query tomorrow by ITO if I show it in business income?
2. Since the profit is 12 lakhs in stcg and trades are only 2 do I still show in business income?
3.Please calculate liability in both scenarios I.e stcg 12 lakhs + 5 future stock(business income)?
4.Or 17 lakhs (business income)= tax liability?
Thanks for outstanding support…

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