Requirements of tax audit

Hi,

I am trading on my demat account. I already filed an income tax return. Presently I am getting an e-mail saying that i need to file an audit report.

please clarify.
Replies (2)
Quick Summary
If you've received an email requesting an audit report for your demat account trading, it's important to understand the requirements. Trading in F&O is generally considered a business activity by the income tax department. A tax audit typically becomes mandatory if your trading turnover exceeds 10 crores. For specific advice tailored to your situation, especially regarding equity versus derivatives trading, consulting a practising Chartered Accountant is highly recommended.

Trading in FnO is considered a business as per income tax. Tax audit is required if the turnover is more than 10 crores. Kindly check the same and consult a practising CA nearby for advice.
Can you tell me the trading instrument ( Equity or derivatives) ?

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details
Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 07 September 2026
Article/ Paid Assistant

Murali and Sumeet Chartered Accountant

Bengaluru

CA Foundation

View Details
Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details
Company
09 September 2026
Chartered Accountant

Aviv Global Private Limited

Ahmedabad

CA

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details