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tax audit

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 September 2010 xyz private limited

short term capital gain income = 2200000

divedend income = 2000000

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total income = 4200000

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tax audit hoga ya nhi
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Expert)
22 September 2010 In my opinion Tax audit is not required as addition has to be of "Gain + Loss".
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Expert)
22 September 2010 Kept open....

Other views are also welcome.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
22 September 2010 If the income is from capital gains then it is not business income at all and no need to add any profit + loss and hence not liable to tax audit also.
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