Tax Audit in case of Loss from Commodity Trading

Share
Share This Thread
  1. SUNIL KUMAR MISRA

    SUNIL KUMAR MISRA New Member

    IN A CASE THERE IS TURNOVER IN COMMODITIES FUTURE ( MCX) TRADING IS 12 LACS AND THERE IS LOSS OF ONE LAKH, TOTAL INCOME IS RS. 115000/- , WHETHER TAX AUDIT IS REQUIRED? FOR ASSESSMENT YEAR 2016-17
    WHAT WILL BE THE SITUATION IF IT WAS F&O TRADING IN SHARES AT NSE
     
Draft saved Draft deleted
Loading...
Similar Threads Forum Date
Late in income tax return in company or audit cases Income Tax Oct 16, 2016
NEED OF ITR 4 AND AUDIT INCASE OF LOSSES Income Tax Apr 27, 2016
Notice sent for Tax Audit in case of Loss but Turnover less than 1 Crore Income Tax Sep 12, 2015
Tax Audit in case of Trading in Call & Put on Stock Market Income Tax Aug 11, 2015
Is Audit required in case of an Individual working as Contractor? Income Tax Aug 5, 2015