I have a minor loss from intraday stock trading around Rs. 1500.
Is it mandatory for a tax audit? Can I not declare this loss? Or should I declare profit @ 6%?
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Tax Audit Mandatory
Replies (3)
Not required to show such loss. if profit is shown @ 6% then no need for tax audit
Strictly speaking tax audit Yes as profit below 6% (assuming you are under 44AD presumptive taxation.
not required to show minor loss
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