Tax audit
This query is : Resolved
05 October 2015
I trade in shares mostly intraday . I want to file ITR4S. How I will determine my turnover for presumptive taxation ? Shall be very thankful if some body guide properly
:
Ism it will be Turnover :Sale price-purchase price
550000=450000=100000 will be turnover
:
Ism it will be Turnover :Sale price-purchase price
550000=450000=100000 will be turnover
CA R SEETHARAMAN
(Expert)
05 October 2015
Turnover is only the sale price.
M J NARASIMHESWAR
(Expert)
05 October 2015
For intra-day transactions the Sale - Purchase price is turnover. Otherwise the Sale price is to be reckoned
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