I have salary (<50 Lkahs), equity/trading profit and F&O loss (turnover is less than 1 crore and profit is negative or less than 8%). Two questions
1. Which single ITR to use for all three of the above
2. Since F&O is loss (business income < 8%) do I need to get my books audited. BTW there was 1 single trade in F&O which caused loss of around 3 lakhs....
Thanks
1. ITR3
2. Yes (assuming gros income more than BEL)
Hema Yashwanth & Associates
Chennai
B.Com
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Sanath Sheshagiri & Co.
Bengaluru
CA Inter
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Eshwar & Co Chartered Accountants - Nungambakkam
Chennai
CA Inter
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CCI
Pro
CAclubindia
