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Is tax audit necessary for carry forwarding fno trading loss

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(Querist)
27 July 2013 Hi sir,
Is tax audit necessary for carry forwarding FNO trading loss.
My total turnover is less than 30 Lacs and loss is 70 Thousands.
Thanking you
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
28 July 2013 Yes. it is required to maintain the books of accounts and tax audit to show the loss and carry forward
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HARI BABU UPPALA

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HARI BABU UPPALA (Querist)
29 July 2013 Thank you sir for ur reply
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