Hi,
Is Audit required in following case for a Intraday/F&O trader?
Turnover - 358841
Profit (net of brokerage/other expenses) - 68916
As the T/O is less than 2 Cr and profit > 6%/8%, there should not be any audit requirement.
Pls let me know asap.
Regards
Abhishek
Correct......
Thanks sir.
And that is true irrespective of the form - ITR 3 or 4?
Yes, true irrespective of forms or assessment methods...
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