Speculation Business
This query is : Resolved
Guest
Guest
(Querist)
26 June 2017
Is speculation share trading eligible for presumptive taxation under 44AD??
CA Rashmi Gandhi
(Expert)
26 June 2017
No same can't be declared under presumptive taxation
Guest
Guest
(Querist)
26 June 2017
But 44AD does not exclude speculation business.
It excludes only plying of goods carriages,commission business and agency business
CA Rashmi Gandhi
(Expert)
26 June 2017
Sorry in case of share trading you can opt Sec 44AD. I wrongly interpret the ques.
17 October 2021
Yea you can opt for sec 44AD with minimum 6% profit margin
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