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Tax Audit for Shares

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 April 2011 What is the condition under which tax Audit is compulsory for who are dealing / trading in Shares?????????????????
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ABHISEK TOSNIWAL

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ABHISEK TOSNIWAL (Expert)
07 May 2011 IF ONE TREAT THE ACTIVITY OF TRADING SHARES AS BUSINESS ACTIVITY THEN THE ACCOUNTS NEED TO BE AUDITED IF THE TURNOVER LIMIT CROSSES 60 LACS.
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