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APPLICABILITY OF AUDIT

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11 September 2020 ONE INDIVIDUAL HAVING SALARY INCOME OF RS 20 LAKHS AND LOSS FROM INTRADAY TRADING IN STOCK MARKET (SPECULATIVE) OF RS 30000/- WHETHER HE HAS TO MAINTAIN BOOKS OF ACCOUNTS AND GET IT AUDITED U/S 44AB??
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CA Ankith Jain

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CA Ankith Jain (Expert)
13 September 2020 You need to calculate the turnover of such speculative income. There is a specific way to determine the turnover, if such turnover exceeds the limit, then 44AA and 44AB would attract.
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