44ad tax audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 July 2012
Hi Experts,
I have a doubt regarding the 44AD tax audit. Following is my transaction.
1) Equity daytrading turnover = Rs8200, Loss Rs3484
2) F&O Turnover = Rs 1.1 lakh, Profit = Rs 2800
3) Equity Delivery sales = Rs 8.8 lakh, Loss: Rs 25000
I am showing the (1)Daytrading + (2)F&O as business income and (3) equity delivery as short term loss (STCL).
My business turnover is Rs 1.18 lakh and loss Rs684, does this needs AUDITING or I just file ITR4 as usual without audit, please help.
thanks
I have a doubt regarding the 44AD tax audit. Following is my transaction.
1) Equity daytrading turnover = Rs8200, Loss Rs3484
2) F&O Turnover = Rs 1.1 lakh, Profit = Rs 2800
3) Equity Delivery sales = Rs 8.8 lakh, Loss: Rs 25000
I am showing the (1)Daytrading + (2)F&O as business income and (3) equity delivery as short term loss (STCL).
My business turnover is Rs 1.18 lakh and loss Rs684, does this needs AUDITING or I just file ITR4 as usual without audit, please help.
thanks
prateek aanchalia
(Expert)
23 July 2012
yes u not required to tax audit..u just file ur ITR 4...
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