Comment on Taxation Simplified

Pat commented on 15 Apr 2014, 10:13 PM

Dear Nithin,

Such an informative blog….Taxation is such a big headache with all these rules….Head is breaking apart…..I have traded in equity including intraday and delivery, some profit, mostly loss, also traded in Futures and Options, mostly loss….Add to that, I have traded in Currency too with loss….Only thing I have stayed away is from commodity, thank God…..Now, If I enter all these buying and selling details with dates, price, brokerage, etc in one Excel sheet, will it be able to calculate all the turnover, profit, loss, short term, long term, speculative, business income etc………..Also, maybe it can generate a book of accounts in case a tax scrutiny comes up……………I am sure that cannot be given free of cost, but can you consider this for some cost…..

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