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 ?
Nikhil Kaushik
(Expert)
26 March 2014
Rs 1 cr.
you need to add the daily pay in and pay out to get aggregated turnover..
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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