Hi,
I have salary income of rs.4.5 lacs+capital gain/loss and my future and option loss 3.4 lacs in last year on turnover of rs.36 lacs..so I have 3 queries regarding this
1) Which ITR should I file.?
2) whether tax audit is applicable?
3)If i don't want to carry in losses then it will Create any issue later?
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salary and f&o audit
Replies (3)
1. ITR3
2. Depends upon quantum of your capital gains.. to arrive at whether aggregate income exceed BEL or not; so that tax audit applicability can be arrived at.
3. Query will be raised any time in future, which you will have to comply.
I have salary income of rs.4.5 lac and f &o loss 3.4 lac....whether tax audit is applicable?
Yes, applicable.
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