I have a minor loss from intraday stock trading around Rs. 1500.
Is it mandatory for a tax audit? Can I not declare this loss? Or should I declare profit @ 6%?
3 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 11 March 2021
Not required to show such loss. if profit is shown @ 6% then no need for tax audit
Kapadia Pravin
(17259 Points)
Replied 11 March 2021
Strictly speaking tax audit Yes as profit below 6% (assuming you are under 44AD presumptive taxation.
debora M
(BUSINESS DEVELOPMENT MANAGER)
(1697 Points)
Replied 11 March 2021
not required to show minor loss
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