Comment on Taxation Simplified

Giridhar Mallya commented on 05 Sep 2018, 01:58 AM

My wife is trading in equity (intraday) and has incurred a loss of RS. 3 lks.
Her turnover is less than Rs. 1 crore.
Her income from all other sources is less than Rs. 2 lacs ( after all eligible deductions) and not liable to pay any tax.
Is she liable for Tax Audit?

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