Very urgent-future & option
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 October 2016
if one person is engaged in Tour & travel business with 43 lacs turnover and net profit Rs. 6.52 lacs . simultaneously he is engaged in F&O business with net loss of 7.42 lacs but Total of favourable and unfavourable trade is exceeding 1 croes but in actual overall loss is 7.42
tax audit applicable in this case?
tax audit applicable in this case?
03 October 2016
As the F&O turnover alone is exceeding 1 crore tax audit applicable.
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