Comment on Tax loss harvesting

Ajay commented on 27 Mar 2015, 10:16 AM

Hello Nithin,
i am a F&O trader and sum of F&O contacts is more than seventy crore , but on FIFO basis, sum of loss & profit is less than 35 lacs.
1. what should be taken as turnover, 70 crores or 35 lacs,
2. do i need to file a CA audited return .

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