Tax audit

This query is : Resolved 

26 March 2014 Want to know Turnover limit for derivatives Trader for ? How it is calculated ? whether he is liable for Tax Audit ?

26 March 2014 Rs 1 cr.

you need to add the daily pay in and pay out to get aggregated turnover..

27 March 2014 Turnover for the purpose of 44AB audit is the total of positive and negative differences (absolute value) of the derivative trading.


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