Income tax on Future & Option Trading
This query is : Resolved
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10 July 2024
Sir,
If I made Turnover of 3cr in F&O and made loss of Rs. 10 Lakhs and only has Salary Income other than that. Is it mandatory to get Tax Audit or Should I file Normally. Since F&O And Salary both are through bank not Cash ?
If I made Turnover of 3cr in F&O and made loss of Rs. 10 Lakhs and only has Salary Income other than that. Is it mandatory to get Tax Audit or Should I file Normally. Since F&O And Salary both are through bank not Cash ?
10 July 2024
Tax audit not applicable in your case. File under normal assessment (with Books Maintained).
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26 August 2024
Good Luck.
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