need help i have some derivatives loss in my HUF account to the tune of 30 lacs , as i understand DERIVATIVES trading is a business income or loss
do i need to file it under audit as the total turnover goes over 10 crores
please help urgent
Menu
Trading Derivatives income as business icome
Replies (1)
Yes tax audit is mandatory if turnover crosses 10 crore. plz note formula for calculating turnover is recently updated.
Recent Topics :
- Revising salary on 24Q Q4 FY 25-26
- LTCG: Home Loan Principal Repayment?
- Ims action relationship query
- GIFT REGARDING
- TDS on salary to non resident managing director
- Ewaybill and Transport documents (Lorry receipt)
- LTCG on sale of Builder Buyer Agreement
- Rule 13(2)(h) and valuation of CCDs
- Leave encashment, New labour code, Management cadr
- GST clarification needed:
Related Topics :
CAclubindia
