Hello,
Salary Income - 6 lakh
Intraday Trading loss - 3 lakh.
Audit is compulsory if I want to carry forward losses??
Yes, if turnover from intraday transactions exceed as specified u/s. 44AA or if opted sec. 44AD previously.
Whether sec. 44AD was opted in any of earlier 2 years, If yes, audit applicable; otherwise no.
Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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SMJ global advisors pvt ltd
New Delhi
B.Com
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Aggarwal Sarawagi and Co
New Delhi
CA
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Sri Aurobindo Gnostic Centre of Education
New Delhi
CA
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CAclubindia
