Loss in FnO

m baul (service) (69 Points)

22 July 2023  

Dear Sir/Madam

 

I have a loss near about 190000/- in Fno trading  (Turnover below 1 corer) and My salary is 408000/-.

but in FY 20-21 I have shown PRESUMPTIVE BUSINESS INCOME UNDER SECTION 44AD near about 3467/- and claim 6% income 278/-

Is an audit required for the current year?

 

Thanking You