Dear Sir/Madam,
One of our client is Salaries income , along with that he does Trading in Futures & Options.
In the FY 2023-24, he's FnO turnover of Rs. 1.6 Cr and loss is Rs. 30 Lakhs.
Can i file the IT return by in form ITR-3 without Tax audit ( Cash Receipts and Payments <5% ) by using clause of Tax Audit turnover not exceeds 10 Crore. by showing loss of Rs. 30 Lakhs.
Please help.
CAclubindia
