Audit on Options loss

Whether audit under income tax is required for loss on options trading? as profit declared is less than 6% and also turnover from options trading is just Rs.4L.
Replies (2)
Quick Summary
This discussion addresses whether an income tax audit is required for losses incurred from options trading. The key factors considered are the declared profit being less than 6% and the total turnover from options trading being below Rs. 4 Lakhs. The consensus suggests that a tax audit is not required if the turnover is below the threshold of Rs. 1 crore or Rs. 5 crore.

Yes audit is required

No tax audit required as your turnover is below 1 cr/ 5 cr. 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 17 July 2026
Article Assistant and B.com pass

BANSAL YOGESH AND CO

Gautam Budh Nagar

B.Com

View Details
Company
23 July 2026
Senior Accountant

Felicity Adobe LLP

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 14 July 2026
Article Assistants

R Shyam and Associates

New Delhi

CA Final

View Details
Company
ARTICLESHIP 08 July 2026
Article internship

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
16 July 2026
Manager - Finance & Accounts

Aliens Group

Hyderabad

CA Final

View Details
Company
14 July 2026
Senior Executive/ Manager

H S SHARMA AND CO

Pune

CA Final

View Details
Company
23 July 2026
CA Inter

Vikram Jadhav and Company

Pune

CA Inter

View Details
Company
31 July 2026
Senior Accountant - Bunia, Democratic Republic of Congo

AD GLOBAL LTD

Mumbai

B.Com

View Details
Follow