Audit applicability of ITR
This query is : Resolved
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02 June 2025
Sir,
I've incurred 3000/ loss in intraday cash(non f&o) trading and my intraday turnover is 12,660/ . But my total income is more than 7,00,000. I would file ITR 3 for AY 25-26.
My question is:
Is there any way I can avoid audit ?
Thanks,
Shantanu
I've incurred 3000/ loss in intraday cash(non f&o) trading and my intraday turnover is 12,660/ . But my total income is more than 7,00,000. I would file ITR 3 for AY 25-26.
My question is:
Is there any way I can avoid audit ?
Thanks,
Shantanu
02 June 2025
Give up loss & declare 6% profit on TO of 12,660/-
03 June 2025
Under presumptive taxation u/s 44AD right sir ?
03 June 2025
Correct.
03 June 2025
Thanks sir for helping me out
03 June 2025
You are welcome.
05 June 2025
Sir, one more thing,is books of accounts necessary in my case then if opting out of audit u/s 44AD ?
THANKS
THANKS
05 June 2025
Books of accounts are not required to be maintained when you opt for presumptive assessment u/s. 44AD IT act.
05 June 2025
Thank you very much sir for your kind help
05 June 2025
You are welcome.
28 September 2025
Good luck.....
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