Is a Tax Audit required if the net income (salary + trading) is over 50 lakhs?

[Quicko]

Hi @GoutamHebbar

Here’s the new thread created.

Income Tax changes for FY 23-24 announced in union Budget 2023

Budget 2023 was announced on 1st February, so this may feel little late. But better late than never. We are receiving many questions from users like you, confused about the changes in tax slabs and its effective date. You must be thinking that you can take advantage of the lower income tax rates under the new tax regime for the current filing season as it gets underway? If that’s how you’re thinking, you’re mistaken. For FY 2022-23, you will be required to file your ITR as per the budget 2022 …