Is it required Tax Audit in case of loss in F&O trading?
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Requirement of Tax Audit
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)
Turnover here means total of net debit + net credits of contract bills ( aggregate of all profit items +all loss items)
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