business itr filing trading profit is 21 000 but taxable gain 1 lakh how s this possible reddit post sparks d

Itr Filing: 'trading Profit Is ?21,000, But Taxable Gain ?1 Lakh - How's This Possible' Reddit Post Sparks Debate

10hrs 7mins   👁 4

In a viral Reddit post, a user claimed his taxable gain was five times his actual profit. The huge gap between what he truly earned and the profit the tax department will consider to calculate income tax left him stunned. Could this really happen? Here's the explanation.