Tax on Loss on Intraday Trading
This query is : Resolved
29 August 2021
Dear Experts,
In FY 2020-21, I have loss of Rs. around 10K from Intraday Trading of Shares. Please guide me, is it mandatory to get it Tax Audit if I want show this loss on ITR ? or can I avoid this loss and not show in ITR ?
Please guide.
In FY 2020-21, I have loss of Rs. around 10K from Intraday Trading of Shares. Please guide me, is it mandatory to get it Tax Audit if I want show this loss on ITR ? or can I avoid this loss and not show in ITR ?
Please guide.
29 August 2021
Yes, you can avoid this loss not show on ITR.
29 August 2021
Thank You Sir... What if I want to show this loss. Will then I need to submit Tax audit report ?
29 August 2021
Do you have any other taxable income.
29 August 2021
Yes Sir, I have Income from Salary and Business also.
29 August 2021
Tax audit not required in case you have not opted for presumptive scheme during the previous year.
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