FnO Trading and Tax for Salaried Person
Are you a salaried employee trading in Futures & Options and confused about tax audit requirements for FY 2024-25? Learn whether a tax audit is mandatory if you incurred a loss and your turnover is below ₹1 crore. Understand the impact of presumptive taxation, Section 44AB, and how to respond to a defective return notice under Section 139(9). This guide simplifies your compliance obligations for carrying forward losses legally.