PRESUMPTIVE INCOME
This query is : Resolved
17 May 2011
MY CLINE IS DEALING IN SHARES.
THE TURNOVER FOR THE YEAR ENDED 31.3.2011 IS RS. 57,53,400.
THE NET PROFIT FROM SHARE TRADING IS RS. 15,300.
WHETHER 8% PROFIT U/S 44AD IS APPLICABLE FOR THE ABOVE TRASACTION ?
THE TURNOVER FOR THE YEAR ENDED 31.3.2011 IS RS. 57,53,400.
THE NET PROFIT FROM SHARE TRADING IS RS. 15,300.
WHETHER 8% PROFIT U/S 44AD IS APPLICABLE FOR THE ABOVE TRASACTION ?
17 May 2011
get audited u/s 44AB and declare actual profit / loss
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