Hello,
Salary Income - 6 lakh
Intraday Trading loss - 3 lakh.
Audit is compulsory if I want to carry forward losses??
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ifaudit is required??
Replies (4)
Yes, if turnover from intraday transactions exceed as specified u/s. 44AA or if opted sec. 44AD previously.
turnover only 16lakh.. loss 3 lakh.. and salary 6 lakh..
audit applicable or not if want to carry forward losses.. As other income above basic exemption limit. please reply.
audit applicable or not if want to carry forward losses.. As other income above basic exemption limit. please reply.
Whether sec. 44AD was opted in any of earlier 2 years, If yes, audit applicable; otherwise no.
thanks a lot sir.
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