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…
CAclubindia
