Shares trading_Income tax
This query is : Resolved
04 June 2025
Dear experts,
If turnover from sale of shares crosses 10 cr in a financial year , then will tax audit bre required?
Also income to be shown as capital gains or business income?
Nature of transaction is delivery based with contract value of 10 lakhs (approx) each resulting in total turnover exceeding 10 cr
Please advice
Regards,
If turnover from sale of shares crosses 10 cr in a financial year , then will tax audit bre required?
Also income to be shown as capital gains or business income?
Nature of transaction is delivery based with contract value of 10 lakhs (approx) each resulting in total turnover exceeding 10 cr
Please advice
Regards,
Nikhil Kaushik
(Expert)
04 June 2025
if you are doing delivery based trades only, then offer under STCG/LTCG as the case may be. no audit shall be applicable if it is offered under capital gains.
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