banner_ad

applicability of 40 lacs limit for trading of shares

This query is : Resolved 
Profile Image

Profile Image

(Querist)
18 June 2008 In case of trading of shares, what will be considered for 40lacs limit

turnover or profit
Profile Image

Shekar

Profile Image

Shekar (Expert)
18 June 2008 Its ur Turnover or Gross reciepts..
Profile Image

MANAS ROUT

Profile Image

MANAS ROUT (Expert)
18 June 2008 turnover means your total receipt of income.make ur question clear some more extent..
Profile Image

CA Anand Sarda

Profile Image

CA Anand Sarda (Expert)
18 June 2008 In case of delivery trading, the total sale value of all the shares sold during the year should be taken( brokerage should not be deducted).
In case of intra day trading, the total value of profit/loss on each trading day should be taken separately and added. these value, if less than 40 lacs, not covered by sec 44AB.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details