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,
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.
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
- CLOSING STOCK QUERY
- Short Term Gain Reporting ITR
- IT returns for fresh job holders
- F&O reporting in ITR
- Query regarding reporting of exempt foreign remuneration in ITR
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Error in uploading Form 10BD
- CASH GIFT FROM BLOOD RELATIVE
- TDS offline utility
- Due Date Clarity
- DUE DATE FOR ITR FILING
- 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
- CPC and SAC
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
