F & O applicability
This query is : Resolved
Divyesh Ajmera
(Querist)
19 December 2024
1) if assessee required to get their books of account audited u/s 44AB, Can we opt 44AD for F&O transaction if nature of business is whole sale and retail trade?
2) In case of net loss (Sale amount - buy amount) in F&O transaction, then 44AD will be applicable?
2) In case of net loss (Sale amount - buy amount) in F&O transaction, then 44AD will be applicable?
CA R SEETHARAMAN
(Expert)
20 December 2024
1 Yes.
2 yes.
......
2 yes.
......
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