pls help with my query.
my sister who is studnet with no source of income ever before got cash gift from me of 2.5 lakhs, so its non taxable. from that she did future and options trading in previous financial year. her net result was loss of 15000 rs but turnover due to bulk volume option trading could be very high. i have contract notes from broker of atleast 60-70 days.
I need help to know cheapest online way to do accounting of net turnover, total charges(brokerage stt etc) from those contract notes, so that i could file income tax return on her behalf. any way cheaper that that of cleartax.com
and does she even need to file a return in order to inform about cash gift she received from me or since her net taxable income is even negative, she dont need to do anything.