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Tax Audit Mandatory

Tax queries 295 views 3 replies

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%?

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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