Query regarding tax audit
This query is : Resolved
03 August 2016
One of my client who have dealt in shares have sold shares of more than Rs, 2 Crore and having profit from shares only of Rs 5 lakh. Dealing in Shares is not his business neither its speculative business. Is tax audit compulsary for him?
03 August 2016
No need of tax audit if you treat the profit as capital gain.
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