06 August 2020
I have incurred F&O loss of 8 lakhs, for FY 19-20 ,do i need to have audit (if i dont want to carry over the loss) my turn over is 18 lakh.
06 August 2020
When i consulted a CA over telephone, he suggested a tax audit as it is a case of loss (which falls below 6% of turn over). Is there any provision to disclose the loss w/o audit in ITR3 ? My taxable income is 12-13 lakh.
CAclubindia
