Future and option trade


(Querist)
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


Shankit Sharma (Expert)
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.

Thanks
CA Shankit Sharma
Mob. - +91-9079367736


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