Clipped from: https://www.businesstoday.in/personal-finance/tax/story/are-you-an-fo-trader-a-ca-reveals-the-no-1-mistake-that-triggers-income-tax-notice-492859-2025-09-06 You can’t set off F&O losses against salary. But you can carry them forward up to 8 years and use them against business
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Maintenance of accounts by certain persons carrying on profession or business
Clipped from: https://incometaxindia.gov.in/Acts/Income-tax%20Act,%201961/2025/102120000000090803.htm 44AA. (1) Every person carrying on legal, medical, engineering or architectural profession or the profession of accountancy or technical consultancy or interior decoration or
Audit Criteria for Business & Profession (Section 44AB) AY 2024-25
Clipped from: https://taxguru.in/income-tax/audit-criteria-business-profession-section-44ab-ay-2024-25.html Introduction: Understanding the audit requirements for businesses and professions under the Indian Income Tax Act is crucial for compliance and efficient financial management. Section
