Hello,
Salary Income - 6 lakh
Intraday Trading loss - 3 lakh.
Audit is compulsory if I want to carry forward losses??
Yes, if turnover from intraday transactions exceed as specified u/s. 44AA or if opted sec. 44AD previously.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160870 Points)
Replied 21 July 2019
Yes, if turnover from intraday transactions exceed as specified u/s. 44AA or if opted sec. 44AD previously.
Dev
(Article Trainee.)
(608 Points)
Replied 21 July 2019
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160870 Points)
Replied 22 July 2019
Whether sec. 44AD was opted in any of earlier 2 years, If yes, audit applicable; otherwise no.
CAclubindia
