Hello,
Salary Income - 6 lakh
Intraday Trading loss - 3 lakh.
Audit is compulsory if I want to carry forward losses??
Yes, if turnover from intraday transactions exceed as specified u/s. 44AA or if opted sec. 44AD previously.
4 Replies
Dev
(Article Trainee.)
(613 Points)
Replied 21 July 2019
turnover only 16lakh.. loss 3 lakh.. and salary 6 lakh..
audit applicable or not if want to carry forward losses.. As other income above basic exemption limit. please reply.
audit applicable or not if want to carry forward losses.. As other income above basic exemption limit. please reply.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177692 Points)
Replied 22 July 2019
Whether sec. 44AD was opted in any of earlier 2 years, If yes, audit applicable; otherwise no.
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