One of my client has a salary income and loss on sale of shares in Futures and options. Is there any tax audit applicability for a person who does trading in Future and options or Derivatives and has incurred losses.
15 December 2021
That means if the total capital gain from Future and options and Total loss from future and options must be less than 1 crore (Not the total sale value is considered for deciding tax audit applicability)
CAclubindia
