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

Venu commented on 06 Jan 2016, 05:56 PM

If you want your filing to be perfect, you’ve to file ITR – 4, and declare profits > 8% of turnover in which case audit is not required. As per law even one Intraday trade will require you to file ITR – 4. The liability by not filing ITR 4 may not be huge which is a call that you have to make 🙂

About the LTCG, you’ve to show these LTCG gains and the tax paid on it in your IT returns.

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