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44ad tax audit

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Querist : Anonymous

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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
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prateek aanchalia

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prateek aanchalia (Expert)
23 July 2012 yes u not required to tax audit..u just file ur ITR 4...
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