non filing of ITR (Nms compliance)

kripal (accountant) (61 Points)

19 December 2016  

I have received a email for non filling my ITR for AY 2015-16. I have no taxable income. Apart from this I have done some trading in stocks but I suffered loss, so did not pay any tax. please help what option I need to chose while submitting the reply for "related information summary".

Following are the options:-

Self & Investment/ expenditure is out of exempt income

Self & Investment/ expenditure is out of accumulated savings

Self & Investment/ expenditure is out of gifts/ loans from others

Self & Investment/ expenditure is out of foreign income

Self & Income from transaction is exempt

Self & Income from transaction is below taxable limit

Self & Income from transaction relate to different Assessment Year Self & Not Known