F&O Tax Audit
Krishanu Majumder (Accountant) (174 Points)
21 July 2022In PY 2021-22, I have salary income, Income from Capital (Share), Income from profession. But I have loss from F&O.
Total income is more than 2,50,000 and
Profession Income is both in cash and bank.
F&O Turn Over is 8 Lakh.
If I consider total cash receipts/payments irrespective of source, it exceeds 5% but if only F&O is considered, it is 100% online.
I filed ITR3 for last 5 years.
If I want to c/f the loss from F&O, should I require Tax Audit?