Itr 3 - section 44ab audit for f&o

ITR 209 views 5 replies

I am NRI, having Rental income, Interest income, Shares STCG, Dividend and F&O trading income in India. Income details are as follow.

There is a loss in F&O trading in FY 2018-19 (AY 2019-20). Do I need to get my accounts audited in this case?

Income from Business or profession (F&O Losses):  Rs -70,636

Income from house property (rental income post 30% standard deduction): Rs 68,608

Income from Other Sources (NRO Savings Interest): Rs 41,481

Schedule CG (Shares STCG) : Rs 42,328

Schedule EI (Exempt Income):

NRE Savings & Deposits Interest: Rs 147,221

Dividend Income from listed shares: Rs 1,943

 

Replies (5)
no need of audit....stcg taxable @ flat 15%
please check the turnover once

Thanks Akhil.

Hello Bhargav, F&O turnover is under 9 lacs. 

Thanks.

no need of tax Audit


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