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 ?
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- 44AD VS 44AB AUDIT
- Seeing a huge entry in AIS Purchase of time deposits (SFT-005), what it is for
- Query Regarding Refund Adjustment Against Outstanding Demand
- Custom Morale Hat Patches UK
- TDS on land property purchase Form-141 related query
- ITR FILING ISSUE
- Itr processing delay
- PAN from DIN
- Query Regarding Adjustment of Income Tax Refund Against Interest Liability
- CESS not claimed in GSTR3B either in inward supplies or outward supplies for the period Oct2025
- Purchase of property from NRI
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
