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Books of accounts for stock traders

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13 May 2015 Hi Experts,
i regularly trade in stocks intraday
how i have to prepare my accounts for income tax purpose
which itr i should file
itr 4 then which books of accounts i should prepare and what is the need of audit in it...

14 May 2015 You have to file ITR 4. If your turnover exceeds 1 crore you are liable for tax audit and books of accounts has to be maintained. The auditor will guide you about maintenance of books of accounts.



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