SUPPOSE A NON WORKING PERSON TRADE IN F&O. TOTAL TURN OVER IS 19 LAKH AND HE INCURS LOSSES OF 80 K RUPEES.
IS THERE ANY REQUIREMENT OF TAX AUDIT.???
HE IS NOT HAVING ANY SOURCE OF INCOME TOO.
TAX AUDIT IN CASE OF TRADING
ROHIT KUMAR (AEE(p)) (245 Points)
18 June 2020