If your intraday trading turnover is below the required threshold for a tax audit, you are likely exempt from maintaining formal accounts. This means you can proceed with filing your Income Tax Return (ITR) using the ITR 3 form, even without keeping detailed ledgers. This simplifies the tax filing process for smaller trading volumes.
13 August 2025
Hi My intraday trading details for FY 2024-25 are as follows----- Total Sale value RS1445377 Buy Value Rs1434415 Turn Over( Absolute sum of Profit& Loss) is Rs. 32629 Net Profit Rs 10962, I do not maintain accounts. Am I exempted from Audit and can file ITR 3