How can i know P/L from this image

Hi guys,

i want to know how much profit/loss made in this image.

What is total P/loss in a year.

how can i show to incometax dept.???

Plz guys take ten mins time and explain clearly. Plz guys need urjent.. again i got notice. I have to attend IT dept for this querry..

Why its not adding all taxes in loss???
Whats the bracket () means??? losses.. right??
If possible plz explain clearly and help mee

Add all figures without bracket and subtract all items in brackets from them.

Better yet hire a CA he will charge 4-5k for attending date. Its preferable that way.

Have you filed ITR4 with duly Tax Audited and signed by CA?

Many a traders fail to understand this very aspect especially when they make losses.

When I made losses to the tune of Rs.5 lakh in a financial year, I have paid my CA Rs.12000 to get my ITR4 audited and signed. And it was accepted without a problem. My CA ensured that I have an annual income of Rs.5 lakh and above from other sources. If you fail to show your income levels to the tune of losses, Tax authorities get suspicious and call for verification.

Next 2 years I have set off the losses by filing ITR4 without audit and it was smoothly accepted.

Yes i filed...

but now they are asking for loss proofs...

really its big mental tension to me.

I didnt find good auditor..

Only i met Nikhil CA from this forum.. He is good peson.. But now im not in a situation to audit.. will do all after 3 mnths..

Now i got notice 14-15 year..
how can i show losses.. what i have submit??

I dont have any other income source.. Im full time intraday trader .. Im trading with little amount but using huge margin money.

You said you have filed ITR4 duly audited and signed by CA.

A copy of the ITR4 filed is to be given to you by CA after filing duly enclosing all the proofs of losses. Has your CA given it to you? If he has not given it to you, it clearly shows he has not verified your records. Its a very serious lapse.

Tax audits are done by CA with due care and diligence. Whatever is reflected in ITR4 should invariably have valid documentary evidence. You should preserve your copy of ITR4 atleast for 8 years.

Its high time to consult an experienced CA in these matters.

Hi guys,

i want to know how much profit/loss made in this image.

What is total P/loss in a year.

how can i show to incometax dept.???

Plz guys take ten mins time and explain clearly. Plz guys need urjent.. again i got notice. I have to attend IT dept for this querry..

Why its not adding all taxes in loss???
Whats the bracket () means??? losses.. right??
If possible plz explain clearly and help mee

Yes i filed...

but now they are asking for loss proofs...

really its big mental tension to me.

I didnt find good auditor..

Only i met Nikhil CA from this forum.. He is good peson.. But now im not in a situation to audit.. will do all after 3 mnths..

Now i got notice 14-15 year..
how can i show losses.. what i have submit??

I dont have any other income source.. Im full time intraday trader .. Im trading with little amount but using huge margin money.

Madhav - is your loss around 6.6 lakhs?