Hi,
I have done some trading in futures and options alone and this is my bank statement tally for 31-Mar-2011
Total debit for FY 2010-2011 = 463635.43
Total credit for FY 2010-2011 = 478684.86
These amounts are solely for my derivatives trading.
In ITR 4 I have mentioned these parts.
PART BS
Amount of total sundry debtors 6a 463635
Amount of total sundry creditors 6b 478685
Amount of total stock-in-trade 6c
Amount of the cash balance 6d 448266
PART PL
Gross receipts 51a 942320 (6a+6b)
Gross profit 51b 15049 (6b-6a)
Expenses 51c
Net profit 51d 15049
My gross profit is calculated from bank statement which includes brokerage and STT and other charges. Am I doing anything wrong here?
Thanks,
Kiran
I have done some trading in futures and options alone and this is my bank statement tally for 31-Mar-2011
Total debit for FY 2010-2011 = 463635.43
Total credit for FY 2010-2011 = 478684.86
These amounts are solely for my derivatives trading.
In ITR 4 I have mentioned these parts.
PART BS
Amount of total sundry debtors 6a 463635
Amount of total sundry creditors 6b 478685
Amount of total stock-in-trade 6c
Amount of the cash balance 6d 448266
PART PL
Gross receipts 51a 942320 (6a+6b)
Gross profit 51b 15049 (6b-6a)
Expenses 51c
Net profit 51d 15049
My gross profit is calculated from bank statement which includes brokerage and STT and other charges. Am I doing anything wrong here?
Thanks,
Kiran