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