Speculation loss

This query is : Resolved 

08 December 2018 I AM HAVING SPECUALTION PROFIT OF RS. 64000/- TURNOVER IS 6LAKHS. F&O LOSS IS 8LAKHS AND F&O TURNOVER IS 13LAKHS. SHOR TERM LOSS IS 5 LAKHS. PROFIT UNDER 44AE IS 3LAKHS. THIS ALL IS RELATED TO FY 15-16. WHETHER I HAVE REQUIRE TO AUDIT MY ACCOUNT OR I HAVE TO SHOW PROFIT @ 8%. PLEASE FIVE URGENT REPLY.


16 December 2018 if you wanted to show losses, then audit was necessary.



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