Itr form for derivatives trader
Mayank (Manager) (28 Points)
24 July 2016Mayank (Manager) (28 Points)
24 July 2016
Ajit Hegde
(CA - Final)
(1367 Points)
Replied 24 July 2016
Mayank
(Manager)
(28 Points)
Replied 24 July 2016
Thanks Ajit. My total turn over is 8.5 Lakhs(profit + loss) only and loss is around 2 lakhs. Can I file ITR-4 myself or need CA to file it. I think if audit is not applicable in my case then I can file it myself.
If my understanding is correct and I can file it myself just need clarification on Balance sheet and Profit & Loss section.
If Books are not maintained I need to furnish details in Item 6. What is Sundry debtors, creditors, total stock in trade, cash balance?
In P & L section I need to fill Item 53. Does Gross receipts is total turn over above? Gross profit I will mention the amount in negative.
I know how to fill Salary details, TDS etc as per ITR 1. Do I need to fill any other tab in ITR 4?
Also from other blogs I read that if my total income exceeds exemption limit, I need to go through audit u/s 44AB. As my salary income exceeds exemption limit do I need to go through audit?
Thank you very much for the help.
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