bank statement

[Guest]

pl iam doing online trading with Us based And Uk Based they are accepting debit cards&credit cards (only liberal transactions are accepting indian banks  and visa cards also i know and iam doing this online income work))and profits also sending via bank wire(swift) and my dout is my bank form 26as are shoing A,B,C,D all are ***notransactions at present  *** there fore iam not filed income tax and my transactions also yearly debit 8,00,000 (16000$)and credit also 6,50,000(13000$) and some other tarnsactions also i maked those are 2,00000(twolakhs)

and my dout is i am not profit and and some loss Now' but I Must File income tax are no'   any 'suggetion if not filled any future problems are no' i am doing via bank (business)online trading

[CAGOPALJI AGRAWAL]

Unable to understand yr query

AI Summary

Income tax filing obligation for online foreign trading: determine taxable business income, loss treatment, and disclosure duties. The taxpayer seeks guidance on the Income Tax Filing Obligation for online trading with foreign counterparties where receipts are received by SWIFT and bank accounts show multiple debit and credit entries while Form 26AS records appear to show no transactions; key issues are whether the activity constitutes taxable business income or losses, the ability to set off losses, and obligations to disclose foreign receipts and maintain bank documentation for compliance.