Intraday trading
This query is : Resolved
21 November 2016
i have a query- whether provision of tax audit is applicable in case of intraday trading (non delivery based share trading) having loss and turnover doesn't exceed Rs. 1 Crore?
22 November 2016
Tax audit not applicable if you have no other taxable income.
22 November 2016
thank you sir. Sir assessee is salaried employee liable to tax on his salary and this intraday trading business only. But i have a doubt whether provision of sec 44AD is applicable or not as there is a loss in his share trading.
22 November 2016
thank you sir. Sir assessee is salaried employee liable to tax on his salary and this intraday trading business only. But i have a doubt whether provision of sec 44AD is applicable or not as there is a loss in his share trading.
22 November 2016
thank you sir. Sir assessee is salaried employee liable to tax on his salary and this intraday trading business only. But i have a doubt whether provision of sec 44AD is applicable or not as there is a loss in his share trading.
22 November 2016
thank you sir. Sir assessee is salaried employee liable to tax on his salary and this intraday trading business only. But i have a doubt whether provision of sec 44AD is applicable or not as there is a loss in his share trading.
04 November 2021
Yes, provided sec. 44AD was opted in preceding year, and also if the total income exceeds basic exemption limit.
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