Hi,
I have salary income of rs.4.5 lacs+capital gain/loss and my future and option loss 3.4 lacs in last year on turnover of rs.36 lacs..so I have 3 queries regarding this
1) Which ITR should I file.?
2) whether tax audit is applicable?
3)If i don't want to carry in losses then it will Create any issue later?
1. ITR3
2. Depends upon quantum of your capital gains.. to arrive at whether aggregate income exceed BEL or not; so that tax audit applicability can be arrived at.
3. Query will be raised any time in future, which you will have to comply.
CAclubindia
