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Total sale of shares exceed 1crore


02 April 2017 If total sale of shares in intraday and delivery exceeds Rs.1 crore whether that person is liable for tax audit.

04 April 2017 For Intra-day, Sale amount is not considered as turnover. For Intra day, Turnover is aggregate of all the profit and loss.

Please check below document for more details-
http://orange.taxsutra.com/articles/639670b576d2dae02d4db2f87da8e3/expert_article

04 April 2017 Thank u sir






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