Somebody please help with this situation…
My friend is a salaried person and his income for the period April 2017 to March 2018 is less than 2 lakhs, so he does not fall into the taxable bracket. He had done option trading with a turnover of 1 lakh and intraday trading of 1000 rs turnover and 800 rs future turnover. His doubt is:
- Which ITR form is to be submitted?
- Does he need tax audit in this case?