Share trading loss
This query is : Resolved
Vikash Nahata
(Querist)
18 August 2013
Hi!!
My client incurred a loss of Rs 3 lacs from share trading business on turnover of Rs 25 lacs. He has an other income of Rs 8 lacs. Whether he has to get his accounts audited u/s 44AB and 3 CD has to be filed?
Pls confirm.....
Can we file manual income tax return for the same. This is pertaining to AY 2013-14.
Thanks & Regards
My client incurred a loss of Rs 3 lacs from share trading business on turnover of Rs 25 lacs. He has an other income of Rs 8 lacs. Whether he has to get his accounts audited u/s 44AB and 3 CD has to be filed?
Pls confirm.....
Can we file manual income tax return for the same. This is pertaining to AY 2013-14.
Thanks & Regards
CA PARAS BAFNA
(Expert)
18 August 2013
MANUAL iNCOME TAX RETURN CAN NOT BE FILED AS
IN THIS CASE AUDIT IS COMPULSORY.
.
IN THIS CASE AUDIT IS COMPULSORY.
.
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