If someone is Salaried Employee and has turnover in "Cash Margin"/"Intra Day" not in F&O more than 40L then does he has to go for Tax Audit?
Which ITR form needs to be filled in which ever case?
There is a Total Loss of 40k which needs to be carry fwd.
Turnover Consider here: Total Shares Bought in an year + Total Sold
Exp:
Infosys:
100 bought at 1900 = 1,90,000
and
Same day Sold at 1910 = 1,91,000
Turnover = 3,81,000
yes.. u r rite... in case of intraday/cash margin.... evenif turnover exceed 40lacs... tax audit is not required....
regarding ITR form then u r required 2 use ITR-2
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