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Audit u/s 44ab

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 August 2014 Hi

I am trading in shares short & long term both.
for 2013-14 my total turnover was around Rs. 2 crore.
but profit & loss a/c shows loss of Rs. 40000/-

whether my books of accounts are required to be audited???
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CA Kedar Sakhardande

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CA Kedar Sakhardande (Expert)
12 August 2014 Yes you have to get accounts audited under Income Tax Act

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