Profit from share trading activity & tax audit read more at
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 August 2015
If my Turnover in trading in shares is Rs.40 Lacs causing loss of Rs.25000 and my other Income From Other Heads amounting to Rs.245000. Will I be required to get my books of accounts audited u/s 44AB?Gross total income does not exceed slab limit of Rs.250000
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Nikhil Kaushik
(Expert)
06 August 2015
no...audit is not required.........
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