Taxation from Income from Multiple Sources

Sunny (CA Business) (401 Points)

19 July 2022  

A person has source of Income from the following:

  1. Future & Option Trading
  2. Intraday
  3. ST & LT Capital Gain
  4. Providing Services

Person doesn't want to select 44AD for Future & Option and 44ADA for Services, Instead he wants to present normal business & profession ITR with balance sheet. So, in this case is there any criteria that how much profit should be there so that Tax Audit don't get applicable?