yes,its 2.5 lks plus rebate u/s 87 of rs.5000 if total income of P.Y is less than 5 lks. if you want to carried forward your losses (recommended) than Yes, file ITR 3.
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Hi,
I have a similar case iā¦e salary + F&O + intraday + short term gain. I have loss from intraday and profit < 6% for F&O
My turnover is (F&O + intraday) is very low. so I want to just want to declare 6% profit on turnover and pay tax on it thereby avoiding audit and books. But I have to file ITR3 due to intraday.
Can I avoid audit and books & account in ITR3
Thanks
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should I file ITR4? How to compute total tax liability ā¦ will I be able to incorporate the STLC in the same filing?
You should File ITR 3 . -
What is the effective net income computation for me for the FY to be able to understand if I need a audit or not.
Your Net Income will be your Salary Income as Capital Gain Loss as well as Business Loss cant offset against Salary Income.