My client having below details:-
loss from f&o 30 lacs
turnover less than 1 cr (f&o)
taking sum of favourable plus unfavourable differences
income from other source 30 thousand only this year being saving bank interest ( means less than 2.5 lacs limit)
a) whether books of account need to be maintained ?
b) whether tax audit required?
Individual filing f&o business ITR first time. Want to show this f&o business loss and
c/f.
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Tax audit f&o loss
Replies (2)
a) Yes
b) No.
sir what sort of books of account to be maintained . Is it necessary to be maintained in tally ?
Whether broker statement and bank statement are sufficient books?
Is maintaining p&l , b/s and capital a/c in excel from above two documents sufficient ?
Whether broker statement and bank statement are sufficient books?
Is maintaining p&l , b/s and capital a/c in excel from above two documents sufficient ?
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