Regarding Audit for stock market trader
Question
Sir
I’m a future & option trader in Indian stock market. My turnover 20lakhs(ay2020-21). And make loss rs 19000. My other income 80000(bank interest etc). Past two years also make loss in same profession, return in itr 3 form (with out audit , becouse other income under exemption limit)
Now my confusion Am I liable for audit?
If yes then help me . All details in XML/java format. And 100% transaction digitally.
Thank u
solved
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Taxations
5 years
1 Answer
1536 views
-1
Answer ( 1 )
If your Income other than the loss from under business & profession is less than tax slab ie 2.5 lac, you need not require your books audited. You can file the same without Audit