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Requirement of Tax Audit

ITR 312 views 3 replies

Is it required Tax Audit in case of loss in F&O trading?

Replies (3)

What  is your  turnover ?. please inform  relevant  F.Y  and  A.Y . 

if turnover exceeds one crore then required

If F&O turnover is upto 1 crore, no tax audit under 44AB.

Turnover here means total of net debit + net credits of contract bills ( aggregate of all profit items +all loss items)


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