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.
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Can we show f&o loss without tax audit ?
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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