If person incurred loss in F & O. Error appear you have claimed income less than 8 % turnover and audit information is not filled.
His trading is just 350000 and incurred loss 249415.
Is tax audit applicable?
Salary income 200000
Calculate turnover and declare 8% as profit to avoid audit .
If you want carry forward the loss then you have to go for Audit
CAclubindia
