ITR3 Is audit required for my income ?

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Hi,  
I would like know if audited is required for the below income. First time filing business/speculative trade income.

From property rent :
before 30% deduction:  3.2 lakhs
after 30% deduction: :  2.24 lakhs


From bank interest: 4000

From dividend:  2000


From intraday trading :
Turnover (gain 3.9 lakhs+ loss 5.85 lakhs):  9.75 lakhs
Profit/loss (gain 3.9 lakhs - loss 5.85 lakhs) : -1.95 lakhs (loss)
 

From STCG (shares delivery) - 13000 (loss)

Additional info:  Previous years income only from property 4 to 4.5 lakhs/year before 30% deduction.

TIA

 

Replies (4)

Note: Intraday trading is in equity.

Intraday turnover calculation shall be taken as an absolute turnover
Like Total of positive values and Negative Values...
Tax audit is not required in your case. but you have to disclose your financial as a normal trading business.
Tax audit is not required in your case and you have to show intraday losses in speculative business. If you need any help in ITR then check your inbox, I have done many similar cases and reduced tax liability too.

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