share market
This query is : Resolved
06 September 2009
if sales is made in case of share during the year above Rs.40 lacs ,is it necessary to get accounts audited ? please send me message . it is urgent.
06 September 2009
If the person has business of buying and selling shares then yes. (Delivery based- assumed)
CA CHINTAN AJMERA
(Expert)
06 September 2009
Pls. give detail case law. In above condition yes audit is compulsory but in the same sales if u include intra day sales also then it may be possible that audit is not require .
Aditya Maheshwari
(Expert)
06 September 2009
turnover in case of intraday trading will be profit + loss for the year and in case of delivery sales is turnover.
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