Greetings,
My ONLY source of income is FNO trading.
Booked LOSS = 10 Lakhs ( Including Charges this year )
Total Turnover = 4 CR.
I want to File ITR3 & Carry Forward Losses, to offset them in coming years.
Does Tax Audit and Maintaining Book of Records required / Mandatory for me ?
(OR) Since, Turnover is less 10 CR, Can I fill ITR3 myself without any Tax Audit?
Thank you
CAclubindia
