Should i maintain books when i loss in fno and income not taxable

Taxation
1

I have loss in fno options around 30k with turnover of 1.2 lakh. my income is around 2.70 lakh from freelance so should i maintain book of account , balance sheet and audit of records, when i’m not eligible for tax and carry the loss for next years? I’m asking as its cost for me around 7k approx.

thanks,
anuj

3

You can offset f & O losses against all income other than Salary. So in the same year if you have f & O losses and income from freelance , then you can offset the losses in the same year.

Regards

4

i want to know that i need to maintain accouts book and balance sheet?

5

thanks for reply. but should i need to maintain records and balance sheet and do an audit.