Dear Sir/Madam,
My Fno Turnover is 156405 INR and loss is (37177) INR.
My Intraday trade buy amount is 193412 and sell 190568 and loss is (2844) INR.
Salary is 1500000 aprox and income as interest from IRB invit and india grid trust is 314307 (I think this income can be off set by Fno loss)
As per my understanding if I choose option " regular books of account of business are not maintained" and show loss (i.e. profit less then 6%) then i need audit report.
I want to know if is there any option so that I need not to submit audit report?
option 1: May be if i dont choose " regular books of account of business are not maintained" and fill P&L and trading account then is it possible not to submit audit report?
Option 2: Is it legal that I dont declare my loss and choose ITR 2?
Thanks in advance.
Waiting for your reply
Thanks
Nand Lal