Tax audit is required or not ?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 June 2017
tax audit is required in case of F&O losses? for ex- in case my turnover( AS PER F&O) is 77 lakh, my F&O losses is 40 lakh, my other business profit is 8.32%, and turnover as per 44AD 57 lakh.
Nikhil Kaushik
(Expert)
17 June 2017
if you dont have salary income, then no need for audit in this case...
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