21 July 2019
I did some intraday equity trading, F&O intraday trading and F&O delivery trading. The intraday turnover is Rs.13860.40 and realised profit is Rs.9101.50. The combined F&O turnover (scipwise calculation) is Rs. 186143.75 and combined realised profit is -34982.50 (LOSS).
Do I have to get tax audit under section 44ab since my profit is less than 6% of the turnover (since it is loss)?
CAclubindia
