30 July 2019
Sir, My total loss from Intra day trading & F & O transaction during FA 2018-19 is Rs.1.70 lac. My total share turnover is Rs.13 lac.
Not eligible for Tax Audit as total turnover is less than Rs.2 crore. I am having Demat Statement & Shares Intra day trading & F&O statement .
My querry is whether i am required to get accounts audited as income from shares is lower than presumptive rate. Is there any way by which i can escape tax audit on ground of income lower than presumtive rate.
CAclubindia
