Comment on Tradetax for income tax returns when trading

Deepankar commented on 09 Aug 2016, 06:57 PM

@nithin sir,
for this financial year 2016-17 till date
my total turnover (equity and future combined) is around 20 lac
and my gross profit is -2.5 lac…
brokerage and other charges total are around 85000 rs

i have two questions
1. can 85000 also be included in loss and carried forward?
2. could 85000 be adjusted with my income from other sources (i have income of around 6 lac per year) as my slab will be changed…
3. if i have this much loss till date what should i do for advance tax which is to be paid by 15th sept? should i show my loss there or wait till the end of financial year?
4. for advance tax also should i fill ITR4?
5. audit will be required next year only?

sorry for many questions… but plz do reply…

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