Future and option trade
25 August 2019
MY CLIENT HAVING F&O TURNOVER 6182516/- AND LOSS FROM F&O 108000/-. MY CLIENT IS HAVING TUTION INCOME OF RS. 238000/- AND FD INTEREST IS 25000/- THAN HOW TO FILE HER RETURN. WHETHER SHE HAS TO GET HER ACCOUNT AUDITED. PL GIVE URGENT REPLY
28 August 2019
If you want to carry forward the loss form F&O then you should file ITR-3.
If Total income dose not exceeds the maximum amount which is not chargeable to income-tax then no audit required.
and If total income exceeds and Profit is less then 8%/6% (as the case may be) then audit is required to be done.
CA Shankit Sharma
Mob. - +91-9079367736