30 December 2021
Dear Sir, I've a partnership firm which only deals in trading in F&O,Stocks, Mutual Fund. and say by year end I have profit in it but very less amount say 1 lac. But my expense are also there like internet bill, travelling etc which exceeds more than 1 lac say its 1.50lac. Can I file ITR without audit showing loss if my trading turnover is less than 5 cr?
CAclubindia
