Income Tax Audit u/s. 44AB

This discussion explores whether a tax audit under Section 44AB is required for a dental professional who incurred losses from their practice, F&O trading, and speculative transactions. These losses were adjusted against 'Income from Other Sources' and 'Capital Gains'. Despite these adjustments, the net income from pension, capital gains, and other sources exceeded the non-taxable threshold of £2,50,000. The thread seeks guidance on the applicability of the tax audit in this specific scenario.