Requirement of CA certificate
This query is : Resolved
04 June 2025
Sir/Madam
Can anyone guide me any CA Certificate is required for FNO transaction made during the fy 24-25 for filling of income tax return.
Profit is taxable under the head Speculative business income??
Thanks
Can anyone guide me any CA Certificate is required for FNO transaction made during the fy 24-25 for filling of income tax return.
Profit is taxable under the head Speculative business income??
Thanks
04 June 2025
In general, not required; but check for tax audit applicability based on turnover and/or percentage of profit/loss.
04 June 2025
profit is taxable under normal business income.
11 June 2025
If minimum 6% profit declared then up to 10 lakhs no audit liable.
12 June 2025
Sir,
Loss occurred and sales value more than 3 crs than tax audit application?
Loss occurred and sales value more than 3 crs than tax audit application?
12 June 2025
No, if turn over is more than 3 Crs.
12 June 2025
This was happened in first time only. No F&O transaction in past years..
So no audit is required, just show loss in Business Head under fno transaction?
So no audit is required, just show loss in Business Head under fno transaction?
12 June 2025
This was happened in first time only. No F&O transaction in past years..
So no audit is required, just show loss in Business Head under fno transaction?
So no audit is required, just show loss in Business Head under fno transaction?
12 June 2025
Yes, continue filing without tax audit, provided TO is more than 3 Crs but less than 10 Crs.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Section 54 f disallowed will be taxed at what rate
- TWO FIRM NAME IN ONE GST NUMBER
- ITR -1 Filing
- Transportation of Petrol, Diesel by GTA and Other than GTA
- Eway issued more than one
- SEA GOING ALLOWANCE
- Transfer of Rectification Rights to the Jurisdictional Assessing Officer
- Trust 10AB form required for old asst. years?
- TDS whether applicable or not in case of Flat purchase
- Transfer of rectification rights to ao
- Utilisation of cgst cash ledger balance first to pay cgst liability instead of cgst credit ledger ba
- Pension Misclassification and Correction in Filed ITRs
- Gratuity payment criteria
- Procedure and Documents Required for Release of FD from DVAT
- How to rectify gstr1 credit note
- Non- payment of GST on supply of services- reg
- Other party gstin shown on my login id
- Accumulated surplus exceeding 15%
- Different GST Number MEESHO
- Query on TDS Section 194H
Trending Online Classes
CAclubindia
