Comment on Taxation for Traders - Introduction

Hi Nitin

I trade FNO with you. Total Trade turnover as per back office is about 17 lacs. I have a loss of about 15K ( after factoring in brokerages etc). Do I need to necessarily get myself tax audited since my turnover is less than 1 cr but the loss means it is less than the presumptive tax of 8%.

You may answered this before but hv unable to find it in the blog

thanks

Sunil Arora

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