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
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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.
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