Hello Quicko Team,
I am Salaried Individual. My Annual salary is greater than 250000.
I also do Intraday and F&O Trading. I have suffered following losses for FY 2020-2021:
Speculative (Intraday Trading Loss) : 15085
Turnover : 86537
Non-Speculative (F&O Trading Loss) : 65892
Turnover : 315918
Overall Loss is around 20% of total Turnover.
I have read various articles regarding Tax Audit but I am not sure about Tax Audit is required or not
Do I need to get Tax Audit done ?
Thanks in advance for your response.