Boka of accounts and Audit
This query is : Resolved
Quick Summary
25 June 2022
My turnover of intraday and delivery based traders is Rs.40 lacs approx.Do i need to maintain books and get the same audited before filing ITR or i can be exempted from the same.Further,please advise if i can file ITR on presumptive basis and if so,then which ITR i have to file.
26 June 2022
Intra day trading is speculative presumptive taxation not applicable.
Capital gains tax applicable on delivery based trading.
File ITR 3.
Capital gains tax applicable on delivery based trading.
File ITR 3.
26 June 2022
If i can treat my income from intraday and delivery trades as business income and file ITR 3.If i need to get the books audited.
26 June 2022
If i can treat my income from intraday and delivery trades as business income and file ITR 3.If i need to get the books audited.
26 June 2022
Books of accounts has to be maintained. Tax audit not required as turnover less than 1 crore.
26 June 2022
If i can treat my income from intraday and delivery trades as business income and file ITR 3.If i need to get the books audited.
26 June 2022
Tax audit not required as turnover is less than 1 crore.
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