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Fno trading audit requirement

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(Querist)
09 April 2024 My fno turnover is less than 1 crore and i have made a loss,i also have proprietorship firm for which i file under sec 44AD presumptive income.is audit mandatory to claim loss next year
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
10 April 2024 Turnover less than 1 crore audit not required.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
10 April 2024 i believe your turnover under 44AD is in addition to F&O turnover. Can you indicate your total turnover.
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