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.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
