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Fno loss carry forward
l am salaried. income from salary 10 lakh. loss in fno 6 lakh is audit mandatory to carry loss
Replies (2)
Tax audit is not mandatory if the turnover from F&O trading does not exceed one crore.
Errata: Now for F&O the turnover limit for tax audit, has increased to 10 Crs.
Well, it holds good provided you had not declared any PGBP income u/s. 44AD of the act, in any preceding 5 years!!
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