Short term transaction
This query is : Resolved
TAVKER NIKUNJ
(Querist)
04 June 2019
WHAT IS THE PROVISION IN EQUITY SHARES SHORT TERM TRANSACTION IN INCOME TAX POINT OF VIEW.
LIABILITIES FOR AUDIT ON WHICH TRANSACTION, GROSS SALES OR DIFF OF SALES AND PURCHASE??
LIABILITIES FOR AUDIT ON WHICH TRANSACTION, GROSS SALES OR DIFF OF SALES AND PURCHASE??
Amol S Joglekar
(Expert)
07 June 2019
if the share are held for less than 12 months period, the gain shall be regarded as short term
TAVKER NIKUNJ
(Querist)
08 June 2019
AND WHAT IS THE AUDIT LIMIT AND ON WHICH AMOUNT (GROSS SALES OR DIFFRENCE OF SALES AND PURCHASE???
Amol S Joglekar
(Expert)
10 June 2019
are you doing business in shares? Then only question of audit comes into play.
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