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Futures&Options

This query is : Resolved 

13 February 2022 Individual having Loss in business of Futures & options Shares Trading
Sale value in Futures & options Shares Trading is Rs.17.63 Cr and Total of Profits and Losses is Rs.20.40 Lakhs

My question is whether Tax Audit is compulsory in this case ?

13 February 2022 Yes. Mandatory provided the turnover calculated is as per specified method.



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