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

Dattaram Parab commented on 23 Jun 2016, 10:30 PM

Hello sir
I have received notice from income tax for A.Y. 2014-2015 stating large value transactions (sale of equity other than delivery)reported in security transaction, capital gain not offered in ITR
I am salaried person and was doing intraday trading in said year and turnover is 3cr. and loss of 1lac
I have filed my return for that year in ITR 1 and not shown any capital gain/loss
Now should penalty will be imposed on me and how much it will be

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