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Derivative trading treatment i.tax

This query is : Resolved 
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(Querist)
01 June 2016 Details of Derivative Transaction F & O is as under TOTAL OF Purchases 19020200 Total of
Sales 11050500 Profit 160605 Losses 243080 Net Loss
82475 Whether above F& O Transaction will Come Under Tax Audit, Under which Head Return will
be Filed
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Amol S Joglekar

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Amol S Joglekar (Expert)
01 June 2016 prima facie NO.
find out the MOD (positive) value of all the transactions. If it exceeds the limit, then tax audit becomes applicable.
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