Audit of derivative transactions
This query is : Resolved
10 July 2009
Is an individual dealing in derevatives require to get his books of accounts audited U/S 44AB if annual turnover exeeds 40 lacs. Please comment.
10 July 2009
Turnover for F&O is the script wise gain+loss. If such turnover crosses Rs.40/-lakh per annum section 44AB attracts.
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