Tax Audit applicability IN CASE OF INTRADAY TRADING
This query is : Resolved
balraj raj
(Querist)
25 December 2021
Dear all,
Here is my query,
I am having Income from Partnership firm, and Loss of Rs 10Lakh in intraday trading (Which is disclosed under speculation business option selected books not maintained cases) and now i am filing in ITR-3, without filling the details of Balance sheet and Profit & Loss account in ITR, but while filing i am getting error you have loss under the business /profession your books is not audited
Kindly give me comment on this
Advance Thanks
Regards
BALRAJ B G
Here is my query,
I am having Income from Partnership firm, and Loss of Rs 10Lakh in intraday trading (Which is disclosed under speculation business option selected books not maintained cases) and now i am filing in ITR-3, without filling the details of Balance sheet and Profit & Loss account in ITR, but while filing i am getting error you have loss under the business /profession your books is not audited
Kindly give me comment on this
Advance Thanks
Regards
BALRAJ B G
CA R SEETHARAMAN
(Expert)
25 December 2021
10 lacs loss means turnover may be more required to maintain books of accounts.
File ITR as books of accounts maintained.
Tax audit not required.
File ITR as books of accounts maintained.
Tax audit not required.
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