Income tax on Future & Option Trading
This query is : Resolved
10 July 2024
Sir,
If I made Turnover of 3cr in F&O and made loss of Rs. 10 Lakhs and only has Salary Income other than that. Is it mandatory to get Tax Audit or Should I file Normally. Since F&O And Salary both are through bank not Cash ?
If I made Turnover of 3cr in F&O and made loss of Rs. 10 Lakhs and only has Salary Income other than that. Is it mandatory to get Tax Audit or Should I file Normally. Since F&O And Salary both are through bank not Cash ?
10 July 2024
Tax audit not applicable in your case. File under normal assessment (with Books Maintained).
Message likes :
1 times
26 August 2024
Good Luck.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Event company query
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
Trending Online Classes
CAclubindia
