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Query in tax audit

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 August 2017 I (Individual /HUF) have loss from trading in Futures and Options,hence my profit shown is less than 8%,so under which clause I m liable for tax audit ??
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CA Suresh Jain

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CA Suresh Jain (Expert)
18 August 2017 It is a speculation business and tax audit is required
N Jain
group.blr@gmail.com
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Dhirajlal Rambhia online

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Dhirajlal Rambhia online (Expert)
15 October 2021 Under sec. 44AB(e) r.w.s. 44AD(4), provided the total income exceeded the 'maximum amount not chargeable to tax' ...
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