I have Salary Income and Capital Gain Income . I have incurred loss in Speculative Share transcation of Rs. 75000.and my speculative turnover has crossed Rs. 1 Crore mark.
Which ITR should I file and is audit is compulsory for me ?
08 July 2014
ITR4 Applicable. Tax Audit required if profit and loss add together on such transactions is Rs 1 crore or more. Turnover in this case does not mean the sales value.
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