ITR for brokerages and commissions

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Shantanu Bose (Querist)
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09 June 2025 Sir,
My income breakdown for FY 24-25,
Savings interest 44,000/,
STCG 2,10,000/
LTCG from equity mutual fund 91,000/
Income from commissions 3,780/0(TDS deducted u/s 194H)
Intraday equity cash(non f&o) trading loss 247/,
Intraday trading turnover 500/

So Total income exceeds 2,50,000/ and I've loss of 247/ in intraday trading.
Since I've commissions income of 3,780/, I've to file ITR 3 and I can't opt for presumptive taxation u/s 44AD.

My question:
Are books of accounts and audit compulsory and inevitable for me or there is any way out ?
Thanks a lot

Nikhil Kaushik

Nikhil Kaushik (Expert)
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09 June 2025 not necessary to do the audit. depends on the turnover. but unless you are ready to offer the intra-day trading income under 44AD, books of accounts need to be maintained.

Shantanu Bose

Shantanu Bose (Querist)
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09 June 2025 Thanks Sir for your kind help and advice

Shantanu Bose

Shantanu Bose (Querist)
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09 June 2025 Sir,
Sorry to bother you again, can I opt for 44AD as I've commissions income and total income more than basic exemption limit ?
Thanks
Thanks

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