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TRADING IN DERIVATIVE & FOREX

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Having salary Income of Rs 25Lac P.A ,Professional Income of  Rs 1.50 Lac,  trading in F&O in stock and index getting net loss of 2.80 lbut as per Broker statement net Turnover is 19.72 Lac (included Profit & Loss as Turnover) also trading in Crypto currency thru a portal done paymen of 22.50 lac TCS charged on the that  amount  and refund back only 2.10 lac balance amount loss on trading in forex.

My Query is Which form I have to  file form 4 and iglore trading of Forex & Derivative or Form 3 Show Profit & Loss and balance sheet but in case of Loss , Is tax audit aplicable ??/

Replies (1)

File ITR 3 with P&L and Balance sheet...

Tax audit not applicable ...


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