Share Trading
This query is : Resolved
05 July 2011
For applying Section 44 AB for the business of share trading,what we take as turnover? Is it only consider total sale of securities or consider both sale and purchase ?
CA PARAS BAFNA
(Expert)
05 July 2011
Total sales has to be considered as turnover for the purpose of Section 44AB.
Both sales and purchase are not required to be added.
Both sales and purchase are not required to be added.
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