Comment on Tradetax for income tax returns when trading
Nithin,
Thanks!
in my case, matter of fact profit is <8% ( it is actually loss).
First of all it has not been profitable and on top of that (like adding salt to injury) I don't have the inclination to shell out additional 10-15k for getting the audit done, neither I am keen to leverage the tax benefit of carrying forward the loss to next years.
in this scenario how do i show 8% profit to get away with audit?
Thanks in anticipation!!