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.
- Turnover is not more than 1 cr. Should I get my accounts audited?
- 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.
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
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?
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.
Profit is less than 6% of the turnover. So, Shouldn’t this be audited?
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.