• Audit for F & O

Dear Sir/Madam,

I would like to get my F&O trades audited.
F&O turnover is 2.15cr.
Kindly let me know
1)Your audit fees 
2)Documents required for auditing(Brokerage Firm: Zerodha)
3)Time Duration from start till uploading digitally signed & verified Audit Report

4)Apart from F&O,I also hv professional income u/s 44ADA - presumptive basis for the income generated from my profession for last 2 yrs.
pls let me know which ITR to file to reflect both  business income u/s 44ADA & business income for my F& O business

Regards
Pritee

Asked 6 years ago in Income Tax

Hi,

You can call me at 9833949129 to discuss this. We are based out of Mumbai.

Regards,

Nikhil.

Nikhil Khanna
CA, Mumbai
1429 Answers
19 Consultations

Hello Pritee

Tax Audit and Itr filling total fee Rs 25000+GST

ITR FORM TO BE FILLED ITR 3

Documents required

Bank account statements

Broker account statement

Script wise statements

Exp. bills etc

Lalit Bansal
CA, Delhi
774 Answers
61 Consultations

Hi Pritee,

You can file ITR 4.

For fees, request you to kindly drop in a line on caabhishekdugar@gmail.com

Abhishek Dugar
CA, Mumbai
3576 Answers
183 Consultations

Hi,

ITR-4 Needs to filed.

1. Around 40,000/-(Negotiable)

2.All the Sources of Income along with Document proofs and Bank statements for the period

Previous Years ITR's, Previous Financial statements

3. Whenever you are ready as there is tiem upto September.

Thanks

Kiranmai

8523023057

Kiranmai
CA, Hyderabad
10 Answers

Dear Pritee,

Turnover in case of F&O is sum of profit and loss.

Audit fees would be RS.5,000 and ITR would be either ITR-3 or 4. ITR fees would be Rs.2,000.

Time duration 2 days.

Vivek Kumar Arora
CA, Delhi
4953 Answers
1106 Consultations

Hi Pritee,

Kindly refer the replies below:

1) The audit fee would be around 6,000. You would also need the digital signature for which 1,000 will be the charge separately.

2) We would need- Trade Book, PL statement from Zerodha, Ledger statement from Zerodha and your bank account statements.

3) Time duration will be 10 days if all the raw data is available.

4) ITR-3 would be applicable.

Thanks

Damini

Damini Agarwal
CA, Bangalore
461 Answers
31 Consultations

Please provide bank statements, broker statements.

Vivek Kumar Arora
CA, Delhi
4953 Answers
1106 Consultations

Hello Pritee,

1. I cannot provide you with an Audit quote as we don't quote out of the blue without understanding the client's business, our scope and the time involved in the assignment.

2. Books of Accounts, Cash/ Bank Book, Broker Ledger, Bank Statement, Expense Register, Actual records of expense claimed.

3. Upon receipt of the entire document set it will take around 10-15 working days.

4. Shall need details of the same too to file your Income Tax Returns in case you want the Income Tax Return as well with the Audit Report.

Trust this clarifies your query.

Feel free to call / get back in case of further clarifications.

Thanking You.

Regards,

Rohit R Sharma

BCOM, FCA, LLB, CERT. FAFP

Rohit R Sharma
CA, Mumbai
2104 Answers
95 Consultations

The audit fees depends on the amount of time it takes to complete the work.

Your contracts notes, your yearly statements from broker, your bank accounts, your other incomes, your investments, your savings.

it will take 2 day

Murugesan Ashok
CA, Erode
13 Answers
1 Consultation

Hi

You can file ITR 4.

For other details, you may contact on lakshita.bhandari@gmail.com

Lakshita Bhandari
CA, Mumbai
5687 Answers
935 Consultations

ITR 4 can be filled..

Swati Agrawal
CA, Mumbai
1146 Answers
7 Consultations

Ask a Chartered Accountant

Get tax answers from top-rated CAs in 1 hour. It's quick, easy, and anonymous!
  Ask a CA