Dear experts,
In PY 2021-22, I have salary income, Income from Capital (Share), Income from profession. But I have loss from F&O.
Total income is more than 2,50,000 and
Profession Income is both in cash and bank.
F&O Turn Over is 8 Lakh.
If I consider total cash receipts/payments irrespective of source, it exceeds 5% but if only F&O is considered, it is 100% online.
I filed ITR3 for last 5 years.
If I want to c/f the loss from F&O, should I require Tax Audit?
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F&O Tax Audit
Replies (1)
Yes you need to get accounts audited if profit from f&o is less than 6%, in your case it is loss i.e. definately less than 6%. So you need to get accounts audited
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