Confused about Intraday losses while filing IT Return

ITR Filing 365 views 2 replies

I am a salaried individual with income greater than minimum exempt income.
I am a rookie trader, with <10000 STCG last year, and a intraday loss of Rs. 52. My total turnover of intraday is Rs. 52 for last FY.

I am okay about filing STCG. But for the Intraday losses I am confused. If I file the loss, it’s showing audit recommended in Quicko as per IT guidelines as my salary is >2.5L and profit is <6%.

I am sceptical about tax audit for such small amount.

Do I have any option? I don’t want to carry forward the losses as well. Please guide…

Replies (2)
No need for tax audit. Salary not covered under business part and 6% not applicable thereon.

I advise you to consult some CA for your return filing. However till now form is not available.
No need of tax audit for same .


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