Sale value of shares - Share trading
This query is : Resolved
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07 September 2025
Dear Sir,
Mr A is a share trader. He is preparing proper PL BS for his share trading business. While filing his Income Tax return, where to show the sales value of shares in P&L section of ITR ? as Sale value of Products/Goods or as Sale value of services?
Please guide.
Thanks & Regards,
Suraj
Mr A is a share trader. He is preparing proper PL BS for his share trading business. While filing his Income Tax return, where to show the sales value of shares in P&L section of ITR ? as Sale value of Products/Goods or as Sale value of services?
Please guide.
Thanks & Regards,
Suraj
07 September 2025
Sale value of goods...
Message likes :
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07 September 2025
Sir,
1) Do we need to disclose opening stock of shares, sale value of shares, purchase cost of share and closing stock of shares in ITR in case of Stock trader?
2) Will he attract GST if the sale value is Rs. 83 lakhs? and
3) Suppose the sale value exceeds 10 crores, then will he attract a tax audit also?
Please guide.
Thanks & Regards,
Suraj
1) Do we need to disclose opening stock of shares, sale value of shares, purchase cost of share and closing stock of shares in ITR in case of Stock trader?
2) Will he attract GST if the sale value is Rs. 83 lakhs? and
3) Suppose the sale value exceeds 10 crores, then will he attract a tax audit also?
Please guide.
Thanks & Regards,
Suraj
07 September 2025
1. Yes in Trading account.
2. No. it is exempted.
3. Yes.
2. No. it is exempted.
3. Yes.
Message likes :
1 times
07 September 2025
You are welcome.
20 September 2025
Good Luck..
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