Comment on Tradetax for income tax returns when trading

Arunlal commented on 31 Jul 2016, 11:17 PM

Hi Nithin,
Now I learned about the Tax Filing, I heard that the last date is Aug 5 (its extended).

This is my “FO tax P&L breakdown – FY-15/16”
(Only F&O, NO Intraday or investing )

Futures realized profit = 0
Futures unrealized profit = 0
Total Futures profit = 0
Options realized profit = ₹574.90
Options unrealized profit = ₹-2,783.65
Total Options profit = ₹-2,208.75
Total Gross profit = ₹-2,208.75

Total futures turnover = 0
Total options turnover = ₹75,338.65
Total turnover = ₹75,338.65

1. Do i need to file any thing for this, Do I need a CA?
2. Will govt take huge amount as tax? I am a small trader.
I don’t have any job or business, Only share trading.
Can I easily solve income tax problems using website?
Can you please help me by analyzing the above FO tax P&L list.

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