Poonawalla fincorps
Poonawalla fincorps

Itr form and audit requirement

This query is : Resolved 

28 March 2018 PLEASE GUIDE ME WHICH ITR I SHOULD USE AND AUDIT REQUIREMENT OR NOT F.Y. 2017-18 (A.Y.18-19)

MY SALARY IS RS. 360000.00
BANK INTEREST RS. 60000.00
80 DEDUCTION RS. 125000.00

AND SHARE MARKET DETAILS BELLOW:

Profits

INTRADAY/SPECULATIVE PROFIT₹1,736.90
INTRADAY/SPECULATIVE TURNOVER₹2,779.60 (TOTAL OF PROFIT AND LOSS AMOUNT)

SHORT-TERM PROFIT ₹-210.95
SHORT-TERM TURNOVER ₹34,795.30

LONG-TERM PROFIT0
LONG-TERM TURNOVER0
Total charges

BROKERAGE₹235.48
TURNOVER CHARGES₹182.33
STT₹418.00
SERVICE TAX₹75.18
STAMP DUTY₹74.33
SEBI CHARGES₹3.74
TOTAL CHARGES₹989.06

29 March 2018 You have to file ITR-3 & no need to get accounts audited.

29 March 2018 Thank U so much madam. actually i m a bit confused that according to 44ab audit is compulsory whose turnover bellow 1 crore but income above exemption limit (i.e. 2.5 lakh) or not showing profit 6%.


31 October 2021 Not mandatory, if you had not opted out of Sec. 44AD in any preceding year.



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