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Querist : Anonymous

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Querist : Anonymous (Querist)
17 June 2016 SIR if a person opting share market transaction as B&P Income and in actual he has loss in the share transaction but due to applicability of sec44AD and avoidance of tax audit he is reflecting profit of more than 8% then how to reflect this transaction in books and what about p&l
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Rupesh Jain

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Rupesh Jain (Expert)
17 June 2016 this option for whom how not maintain the books of accounts. if you want to record the you have to record the loss as actual you bear.
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