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Total sale of shares exceed 1crore

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(Querist)
02 April 2017 If total sale of shares in intraday and delivery exceeds Rs.1 crore whether that person is liable for tax audit.
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CA Gopal Somani

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CA Gopal Somani (Expert)
04 April 2017 For Intra-day, Sale amount is not considered as turnover. For Intra day, Turnover is aggregate of all the profit and loss.

Please check below document for more details-
https://orange.taxsutra.com/articles/639670b576d2dae02d4db2f87da8e3/expert_article
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adarsh

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adarsh (Querist)
04 April 2017 Thank u sir
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