Comment on Tradetax for income tax returns when trading
commented on
27 Jul 2016, 03:06 PM
For an individual with salary and who well trades also ( in futures ) what is the last date for filing IT returns if accounts are required to be audited?
In the above case whether one can ignore the loss and pay tax on profit only to avoid auditing?
Otherwise, whether the individual could file the return meant for salaried class showing the profit under other income before 31-07-2016 and later file a revised ITR-4 before 30-09-2016 due to time constraint.