Speculation income
This query is : Open
30 August 2020
Is tax audit required if there is speculation loss on intra day trading on day 1 of Finanacial year and speculation gain on some other day of the same financial year, the net off result of both these speculation transactions is speculation gain and the turnover does not exceed 1crore
30 August 2020
Tax audit not applicable as turnover is less than one crore.
30 August 2020
Yes... correctly said. It is not applicable
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