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Showing speculation loss in itr

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14 August 2018 Sir,
As speculation business is considered under section 44AD of Income tax act, how can we show loss from speculation business without getting audit under section 44AB ? Because as per section 44AD if the presumptive income is less than 8% or 6% as the case may be, it will result into tax audit. So what is the way out in this matter ?

14 August 2018 if you want to carry forward the loss, file ITR-3. If the income is above basic exemption limit, audit would be required.



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