The total income of the assesse in FY 16-17 is as below
|
Source |
Rs |
Remarks |
|
FNO trading |
22,000 |
Turnover is Rs. 2.1 crore |
|
Interest from FD |
1,33,968 |
Paid TDS of Rs.13407 |
|
Other Income from prevoius job (resigned on 15.03.2016) |
|
|
|
Gratuity payout |
65,948 |
Credited on 20.05.2016 |
|
EPF withdrawal amount |
2,82,053 |
Credited on 11.08.2016 |
Excluding the EPF, gratuity amount which is tax free, the total income is less than 2.5 lakhs.
Does he need to get an audit done for FNO trading?
CAclubindia
