i have speculative loss of Rs.525000
in this respect i have turnover of Rs.8400000.
i have also have a other income from other heads of income which is 1200000.
hence please clarify me whether I have to do the tax audit for carry forward of speculative loss or i file the normal return?
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Speculative loss in trading
Replies (2)
Quick Summary
You need to file Tax Audit for such, as you have businees profit less than 6% and taxable income more than 2.5L.
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