My profit from F&O trading is 50K & turnover is less than 1 crore & i have no other income. Do I need to file ITR?
It is always a good practice to file your ITR and report all your financial transactions to avoid notice from the Income Tax Department. Especially after the SEBI and CBDT’s data partnership. If your total income is below the basic exemption limit, you won’t have any tax liability.