Tax Filing please help

Taxation
1

Hi there,
This is my first year trading and i had incurred loss of around 2 lacs. I had traded in future & options and little bit in intraday equity as well as short term equity holding.

  1. Turnover is not more than 1 cr. Should I get my accounts audited?
  2. Which ITR should be filed. The consultant I went to has already filed ITR 2.
    Now I read about taxation and I am confused as to which ITR to be filed as my trades include F&O and few intraday too.
    Please guide I will be grateful.
    Can I change or rectify this already filed ITR 2 form.
    I don’t have salaried income.
    Thank you.
2

Turnover is not more than 1 cr. Should I get my accounts audited? NO
Which ITR should be filed. The consultant I went to has already filed ITR 2.:- You can revise the same

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3

Thank you, one last question how much time do i have to rectify this? or before what date or month I will have to rectify and revise this?

4

You have a year time from the date of original filing … If you are aware of the error, its better to do before return is processed.

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5

Profit is less than 6% of the turnover. So, Shouldn’t this be audited?

6

If other income is more than 2.5 Lac and turnover exceeds a crore. Know due date is gone , if wants to carry over need to file with Audit only.