I traded Option madly previous year FY 2016-17,so TO is 42L
8% of this 42L is 3.36L.
Profit should be above 3.36L to avoid audit.But as you know I'm only loosing,so there isnt any profit at all.
8% of this 42L is 3.36L.
Profit should be above 3.36L to avoid audit.But as you know I'm only loosing,so there isnt any profit at all.
- Go for audit
or
- Show 8% (or 6%) and pay tax accordingly, after adding your other income from other sources and salary income (if you have) etc.