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ITR applicable or not

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(Querist)
06 March 2023 Hy, i am a student and i got scholarship of 2lac.
IF money credit in my account total of it cross 2.5 lac. Am i applicable to file ITR. All other transections are small which is debited and credited in account. As i am student i don't have any side income
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
06 March 2023 If you have no other income, you are not required to file ITR.
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Zeel

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Zeel (Querist)
07 March 2023 I trade in fno and there my turnover is 2 lac and loss of 60k still i need to file itr. According to law my turnover is lessthan 2 cr and profit is less than 6% do I need to audit my account.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
07 March 2023 As said earlier, if sec. 44AD(4) of IT act is not triggered in any preceding five years, tax audit not applicable.
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Zeel

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Zeel (Querist)
07 March 2023 Thanks 🙏 for your valuable time and suggest me.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
07 March 2023 You are welcome.
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