Fno loss carry forward
Nilesh Shivajirao Patil (1 Points)
10 December 2022
l am salaried. income from salary 10 lakh. loss in fno 6 lakh is audit mandatory to carry loss
2 Replies
Mitali
(Finance Professional)
(15982 Points)
Replied 10 December 2022
Tax audit is not mandatory if the turnover from F&O trading does not exceed one crore.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(183233 Points)
Replied 10 December 2022
Errata: Now for F&O the turnover limit for tax audit, has increased to 10 Crs.
Well, it holds good provided you had not declared any PGBP income u/s. 44AD of the act, in any preceding 5 years!!
Recent Topics
- A foreign entity engages some persons for doing th
- Property late registration selling now
- REQUIRED DELHI BASED LOGISTICS COMPANY 2 YRS OLD
- Rebate under 87A - STCG right to property
- GST RFD-01
- Profit & Loss Statement Analysis: Gross Profit
- Response to defective return notice in case of 139
- Capital loss for surcharge purchase?
- RCM on certain expenses under Sec.9(3) and 9(4)
- CPA to Company Registration Services for USA
Related Threads
CAclubindia
