Tax audit on share trading

If this is going to be your only income then no need to even file the return of get tax audit.

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Thank you.

Sorry didnt get your question.

Dear Sir,

Hope you are doing well !!

There is no need of audit for the same.

It is advisable to take a phone consultation for detailed discussion.

Audit will be necessary to claim this loss. This loss can be carried forward and set off against future year profits.

Hi,

If your total income during the year under consideration does not exceed INR 2.5 lacs, then you are not required to get your books audited even if you have loss.

It does not matter whether you were filing return in the past or not.

Hello,

If your total income would be below the basic exemption limit of Rs. 2,50,000 then there would be no requirement for tax audit in your case.

I hope this answer satisfies your requirements. 

Regards,

CA Hunny Badlani

Liability to file an income tax return is based on a year to year basis. The filing of returns in previous years won't affect the same. 

Dear sir

tax audit is not applicable to if u have a income below 2.5 lakhs even if u involve in share trading

Sir there will not be a problem in filling income tax return

even if have shown nil return for current year u can show some income up to the amount of initial investment in share market

- In case of F&O,the calculation of turnover is different from normal turnover. Please share complete details or take phone consultation for detailed discussion. 

- Share trading can be done delivery based, intra-day, F&O. All the three have different tax treatments.