I have loss on f/o trading (non -speculative) loss of Rs 2,80,000
and
@ speculative profit Rs 2,110
@ short term profit on shares Rs 25000
@ salary income 450000
@ capital gain on property selling
Rs 20lakh
@ bank interest on s/aRs 51000
how I set off non speculative loss and with whom?????
##I got answer that it can set off with any other income except salary income
But
For non speculative loss means (loss in f/o trading) Rs280000
audit. is compulsory?????
sir turn over is not exceeds 1crore, but loss in f/o trading, loss means less than 6per.. income, that's why my question is audit is compulsory ,what to do plz clarify
CAclubindia
