F&O INCOME BELOW 2.5LAKH tax Slab

F&O
1

For
Financial Year 2020-2021 then will it be Mandatory to file tax And audit If my income Will be Below 2.5 lakh and F&O Turnover of 15 Lakh , please Clarify this.

2

@RishikeshM
Filing of income tax return is not mandatory if your income before chapter VI-A deductions is less than Rs 2.5Lacs.
It is optional.

1 Like
3

Thank You @San78 For Replying
The amount of Amount Of Turnover Will Not Affect In this Right so there is no Need to Fill ITR ?