avoiding tax audit for intraday loss and STCgain


i have intraday loss of 67k and short term gains of 10k, my intraday turn over is 90000 and short term turn over is 2.7L. which ITR to file and i want to avoid tax audit. pls help


Tagging @IncomeTaxIndia


I think you can file ITR 4S. Pay income tax of 6% on 90K intraday turnover and forget loss. You have to pay 15% tax on stcg of 10k.

If you do audit , you can file ITR3 you can show loss and carry forward to next year. I think it is better to do audit as you can show your expenses and carry forward loss. The audit will cost you 10k to 15 k.