Itr form and audit requirement
This query is : Resolved
Sandip Kumar Das
(Querist)
28 March 2018
PLEASE GUIDE ME WHICH ITR I SHOULD USE AND AUDIT REQUIREMENT OR NOT F.Y. 2017-18 (A.Y.18-19)
MY SALARY IS RS. 360000.00
BANK INTEREST RS. 60000.00
80 DEDUCTION RS. 125000.00
AND SHARE MARKET DETAILS BELLOW:
Profits
INTRADAY/SPECULATIVE PROFIT₹1,736.90
INTRADAY/SPECULATIVE TURNOVER₹2,779.60 (TOTAL OF PROFIT AND LOSS AMOUNT)
SHORT-TERM PROFIT ₹-210.95
SHORT-TERM TURNOVER ₹34,795.30
LONG-TERM PROFIT0
LONG-TERM TURNOVER0
Total charges
BROKERAGE₹235.48
TURNOVER CHARGES₹182.33
STT₹418.00
SERVICE TAX₹75.18
STAMP DUTY₹74.33
SEBI CHARGES₹3.74
TOTAL CHARGES₹989.06
MY SALARY IS RS. 360000.00
BANK INTEREST RS. 60000.00
80 DEDUCTION RS. 125000.00
AND SHARE MARKET DETAILS BELLOW:
Profits
INTRADAY/SPECULATIVE PROFIT₹1,736.90
INTRADAY/SPECULATIVE TURNOVER₹2,779.60 (TOTAL OF PROFIT AND LOSS AMOUNT)
SHORT-TERM PROFIT ₹-210.95
SHORT-TERM TURNOVER ₹34,795.30
LONG-TERM PROFIT0
LONG-TERM TURNOVER0
Total charges
BROKERAGE₹235.48
TURNOVER CHARGES₹182.33
STT₹418.00
SERVICE TAX₹75.18
STAMP DUTY₹74.33
SEBI CHARGES₹3.74
TOTAL CHARGES₹989.06
CA Rashmi Gandhi
(Expert)
29 March 2018
You have to file ITR-3 & no need to get accounts audited.
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Sandip Kumar Das
(Querist)
29 March 2018
Thank U so much madam. actually i m a bit confused that according to 44ab audit is compulsory whose turnover bellow 1 crore but income above exemption limit (i.e. 2.5 lakh) or not showing profit 6%.
Dhirajlal Rambhia
(Expert)
31 October 2021
Not mandatory, if you had not opted out of Sec. 44AD in any preceding year.
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