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Can we show f&o loss without tax audit ?

145 views 2 replies
In case total income is below 2.5 lacs .

(will ur view change if loss itself exceed 2.5 lacs , means trading done through past savings /loan , cash gift etc. )?

Or do we need to compulsory opt for 6 % to skip tax audit.

But here the main motive is to c/f this loss.

Never opted for presumtive earlier.

Note: Turnover less than 1 cr.
Replies (2)

No need to go for tax audit if ur income is below taxable limit,  no matter how much loss u incur.

without tax audit report how will deptt confirm that my loss figure is actual (derivative trading on stock exchange).


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