Comment on Taxation for Traders - Introduction

Hello,

I have traded in derivatives segment for turnover less than 1 crore, and incurred some 30,000 odd loss.

I dont have any source of income ,and the initial capital of 50000 for trading account was contributed by my father.

My queries: Am i supposed to get my books audited and return filed , even though my income is zero.

If yes what is the due date for this ?

Rajesh.

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