income for Assessment cost

sorry for later reply..
i got limited scrutiny for year 2013 ..........

FnOtrader80 don;t worry .. u haven;t killed anybody .you not need to be afraid.they won;t put u behind bar or something like that. This joel is solvable by money . what they can do Max is Penalty

i am not even bothered untill 11th as 12th is date.. have a date in bandra ito on 12th. transaction was in loss so me is not worried. i just have P/L statement ..
They can surely lock me out saying why i have not done audit .

Do let us know what did they ask / said as your date is tomorrow ty

No surprise Dabba Guys flourishes given the complication and babudom of taxation process

in dabba if u win by mistake there is no guaranty u will get money u won

best example say if u have bought 7500 QTY 9000 Put in dabba and market crashed 2000 points . you think daddba
guy will give u winning. he will run lol

in exchange at least u will get money if u won by mistake

Dabba has different issues.

Not all Dabba owners offer Option trading, neither scalping is easily viable with Dabba.

But for Future trading purpose Dabba guys are having huge turnover.

There are Dabba guys who pay the profit, as they believe in long term client is bound to end-up losing money in net

But yes some Dabba guys might not pay, but at same time there are clients also who doesn't pay to Dabba guys when they lose money

Update: I visited income tax officer today and submitted following documents
1)Cover letter stating my only business is trading in equity derivatives and income derived out of it has been duly disclosed in the income tax return. List of documents being submitted.
2)Computation of total income for the relevant year.
3)Profit / loss statement issued by broker
4)ledger statement issued by broker.
5)Bank statement with explanation for each entry for the relevant year
6)Income tax return filed for the relevant year
The officer took out a file which had my name and put the papers in it. He told me my case will be taken only next year as mine was AY2015-16 and currently cases of AY 2014-15 are under process.
Lastly i took his signature on a copy of cover letter 1 as proof that i have visited and submitted documents.
I will keep updating as things proceed.

Hi buddy , any update with your case ? please keep us updated how things go and what documents are asked to be furnished and any "settlement tax" paid.