44ad income +share income


This query is : Resolved 

Quick Summary
This discussion clarifies tax implications for income under Section 44AD, including business profits and losses from share trading (STCG) and intraday trading. It confirms that a tax audit is not applicable in this scenario, and advises filing Income Tax Return (ITR) Form 3.

(Querist)
30 April 2021 44 AD Business profit 256458/-
Share loss STCG(-2576)
Interd
Intreday loss(-15061)
Intreday turnover 39989/-
Intreday gross profit 67514/-
Total loss(-25546)

Audit applicable? Y/n
Itr form which?





01 May 2021 Tax audit not applicable. File ITR 3.

tusharthosar (Querist)
02 May 2021 Please your contact no

02 May 2021 Mobile number not allowed here.
Left hand side provision is there to contact me.

05 May 2021 When you yourself are telling 44AD income, from where does the question of tax audit arise. ?



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