Reg: audit requied for itr 4 filing

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

15 July 2014 Hi

This is Vijay,

I had a speculation loss of 1.5Lacs,

should audit required for filing ITR-4.

I was a salaried employee with an income of 3.6 Lacs

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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15 July 2014 wats ur gross income............................................

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

15 July 2014 3.6 Lacs per Annum, out of this 1.5 Lacs

75k was delivery loss and 75k was speculative loss

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CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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15 July 2014 tax audit is not applicable in this case as its not exceeding the threshold limit

Querist : Anonymous

Querist : Anonymous (Querist)

16 July 2014 My understanding for Gross Incomes is

Gross Incomes = Purchase Value of Share minus Sale Value of Share

Is it right, is there any other meaning.