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

sachin commented on 26 Jul 2016, 08:28 PM

Hello Team,
I am a salaried employee.. i’ve done occasional trading in F& O last FY.. my overall turnover is above 1 cr.. i have total loss around 35k.. my question
1) is it compulsory to file itr4 ..can’t i file itr2 and let go of loss..
2) do i need to get tax audited if it is itr4

i would really appreciate it if you can clarify above as i am getting various opinions .. its really urgent..

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