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Plllzzzzz help request kindlyyyyy

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26 July 2012 hi frnds,
i am trading in f&o segment in shares,so kindly answer if i am required to do audit under sec 44ab and 44ad:

total sales value of f&o shares 15,00,000
sum of favourable and unfavourable balance of profit -65000(profit+loss ,for Turnover calculation)
my net loss from f &o 4500(profit-loss)

1.AS PER SEC 44AB AUDIT IS REQUIRED IF TURNOVER crosses rs 6000000.in my case its 65000 so i dont think audit is required?

2.AS PER SECTION 44AD will be reuired to do audit as i have incurred a loss in trading (as my income from other sources is only rs 70,000)??????????
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26 July 2012 will for section 44ad turnover will be rs 1500000 or rs 65000?????
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Amol S Joglekar

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Amol S Joglekar (Expert)
27 July 2012 the MOD value of the transactions will regarded as Turnover.
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27 July 2012 what is MOD value of the transaction????
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Amol S Joglekar

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Amol S Joglekar (Expert)
28 July 2012 The difference is to be calculated. Irrespective of sign positive or negative.
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