Tax audit in this case ?

Anonymous (Business) (240 Points)

22 July 2018  
salary 4 lakh
bank interest 30 k
lic 10 k

f&o turnover less than 25 lacs

loss in f&o reporting as per broking company statement.


Here income exceed tax exemption limit due to salary (and salary is always tds deducted)

Never opting for presumtive basis.