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Speculation loss

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 August 2018 Hi! During the year in intraday trading in equity total loss booked 14 Lakhs . And income from salary 80 Lakhs and shor term gain 6 Lakhs . In this case Tax Audit Applicable
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
22 August 2018 Yes tax audit applicable in view of taxable income and declaring less than 8% profit on business (intra day trading).
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