Confusion on Tax Audit.
Tax Audit for F&O Loss less than 1 Lakh and Turnover is less than 1 Crore.
Could anybody guide on this.
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Tax Audit for F&O Loss less than 1 Lakh and Turnover is less than 1 Crore
Replies (3)
No tax audit mandatory provided not opted out from sec. 44AD declaration in any preceding FIVE years.
I endorse Mr dhiraj sir's view
Salary Income - 15 Lakhs
F&O Loss - 0.60 Lakhs
F&O Turnover is less than 1 Crore
Then, is it mandatory for Tax Audit
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