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.
Menu
Requirements of tax audit
Replies (2)
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) ?
Recent Topics :
- TDS filing for the 1st quarter of TY 2026-27
- Login into Old Traces Portal
- Professional Income reporting in ITR-3
- Pf exemption in hand of spouse on demised of husba
- Missed deadline to revise ITR for a foreign asset
- Durga Puja 2026 Dates: Mahalaya, Shashthi to Vijay
- Indo-MIM IPO Allotment Date, Status Check and List
- GSTR 1 filed but GSTR 3 B no filed
- ITR FORM FILING REGARDS
- TDS JUSTIFICATION REPORT
Related Topics :
CAclubindia
