Audit Rules For Income in Share Market

Priyanka Upadhyay (1 Points)

23 May 2022  

Dear All,

I have a partnership firm and I do trading through that firm and its a 2 years old firm.

Last year I had incurred a loss in the firm and have submitted the return accordingly.

This year I am in profit as per my P/L report but if I put my expense(All are done online) my income or profit is negative.
My turnover is 4 cr. so if I file my return showing loss do I need to do audit of my file.
Please help...