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Tax audit is required or not ?

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 June 2017 tax audit is required in case of F&O losses? for ex- in case my turnover( AS PER F&O) is 77 lakh, my F&O losses is 40 lakh, my other business profit is 8.32%, and turnover as per 44AD 57 lakh.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
17 June 2017 if you dont have salary income, then no need for audit in this case...

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