I have an salary of 10 lacs pa and have also started trading. The data mentioned is for FY 2019-2020
Intraday profit : 85.5k
Intraday turnover : 1.4L
Short term realized profit : -72.78k
Total charges : 31.17k
Other credits/debits : -2.43k
Net Realized P&L : -20867.92
- Do I need to get the tax audited?
- Does quicko have a provision for tax audit?
- When I had used quicko tool , it showed that I had tax dues of 20k after the importing the trade statements from zerodha. Can’t the loss be carried forward to the next year? How is it arriving at 20K?