Tax Audit Applicability - Case
This query is : Resolved
22 March 2023
Hello Sir/Mam,
I am a salaried employee. I have also traded in Delivery and Options. Below is my financial situation:
Taxable Salary: 6,00,00
STCG in Equity: 5,000
Turnover in derviatives: 2,70,000
P&L in derivative: -75,000
If i want to carry forward my losses, am i applicable for a tax audit by a CA?
I am a salaried employee. I have also traded in Delivery and Options. Below is my financial situation:
Taxable Salary: 6,00,00
STCG in Equity: 5,000
Turnover in derviatives: 2,70,000
P&L in derivative: -75,000
If i want to carry forward my losses, am i applicable for a tax audit by a CA?
23 March 2023
No. Not applicable unless you had audited your books for discontinuation of presumptive assessment u/s. 44AD in any preceding five years.
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23 March 2023
No sir, this is my first year of filing ITR. Thanks for answering.
23 March 2023
In that case no tax audit liability. Good Luck..
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