Shares trading_Income tax

This query is : Resolved

Dipen (Querist)
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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,

Nikhil Kaushik

Nikhil Kaushik (Expert)
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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.