share market

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chetan (Querist)
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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.

Monark

Monark (Expert)
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06 September 2009 If the person has business of buying and selling shares then yes. (Delivery based- assumed)

CA CHINTAN AJMERA

CA CHINTAN AJMERA (Expert)
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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

Aditya Maheshwari (Expert)
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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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