Comment on Taxation for Traders - Introduction

Hi Nitin,

I am a salaried individual with income of 10 lakhs.

I have a loss of 5.5 lakhs in F&O for 2015-16. Should i be filing ITR4 or ITR4S ?

Is it mandatory for me to do audit & show book of accounts ? (turnover is not 1cr)

Thanks,
Rohit

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