Hi guys,
I worked as a sw engineer up to 2011 march in mnc company. then after i left my job and choosed trading as my career. i have paid all incom tax completely up to 2011 march.
After 2011 in my trading career i lost almost 20lakhs. i took money from my friends and relatives.( without documents.) 2 yrs i didnt py any tax.. or not sumit any returns.
from last 3 months im earning good amount ( around 5 lakhs pm0 by trading in futures and options. still around 5 lakhs in debts... any way im happy with trading.... going good. im intraday trader and trading only futures and options, and commodities.
Already govt deducting stt, stamp etc all in my contract notes. now my doubt.
Still im in 5lakhs loss. but i earned good amount from 3 months. is i have to pay incom tax??
1.How much tax i have to pay?
2.may i know whom i have to contact for genunine details? how much they charged?
3. 2 yrs i didnt file any details? is any problem for me with govt? how can i cover all this penalties?
4. how much penalties i have to pay?
5. Plz provide me who are good in incomtax in mumbai?? any of ur friends or relatives??
6. every day im trading F&O.. how to show everything details to incomtax people.
I worked as a sw engineer up to 2011 march in mnc company. then after i left my job and choosed trading as my career. i have paid all incom tax completely up to 2011 march.
After 2011 in my trading career i lost almost 20lakhs. i took money from my friends and relatives.( without documents.) 2 yrs i didnt py any tax.. or not sumit any returns.
from last 3 months im earning good amount ( around 5 lakhs pm0 by trading in futures and options. still around 5 lakhs in debts... any way im happy with trading.... going good. im intraday trader and trading only futures and options, and commodities.
Already govt deducting stt, stamp etc all in my contract notes. now my doubt.
Still im in 5lakhs loss. but i earned good amount from 3 months. is i have to pay incom tax??
1.How much tax i have to pay?
2.may i know whom i have to contact for genunine details? how much they charged?
3. 2 yrs i didnt file any details? is any problem for me with govt? how can i cover all this penalties?
4. how much penalties i have to pay?
5. Plz provide me who are good in incomtax in mumbai?? any of ur friends or relatives??
6. every day im trading F&O.. how to show everything details to incomtax people.