Comment on Tax loss harvesting

Vijay commented on 29 May 2016, 12:52 PM

Hi sir,
I am a retired govt. official & my main source of income is Pension+FD Interest. Now i am also srarted online trading before 6 months in Equity/Future/Option segment of stock market & during FY 2015-16 I have made Profit/Loss in different segment as under:-
(a) Short term capital gain in equity:- 1848/-.
(b) Profit in Intraday trading of equity:- 744/-.
(c) Loss in F&O trading:- -36727/-.

My turnover during 2015-16 is below 1 crore.

Now i want to know:-
(1) When my turnover is below & no any net profit earned, so in my case Audit is necessary or not.
(2) As i have minor short term capital gain but Loss in F&O segment then i will be treated as Investor or Trader or Both.

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