Tax Audit Applicability - Case

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22 March 2023 Hello Sir/Mam,

I am a salaried employee. I have also traded in Delivery and Options. Below is my financial situation:

Taxable Salary: 6,00,00
STCG in Equity: 5,000
Turnover in derviatives: 2,70,000
P&L in derivative: -75,000

If i want to carry forward my losses, am i applicable for a tax audit by a CA?

23 March 2023 No. Not applicable unless you had audited your books for discontinuation of presumptive assessment u/s. 44AD in any preceding five years.

23 March 2023 No sir, this is my first year of filing ITR. Thanks for answering.

23 March 2023 In that case no tax audit liability. Good Luck..

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