Total sale of shares exceed 1crore
This query is : Open
02 April 2017
If total sale of shares in intraday and delivery exceeds Rs.1 crore whether that person is liable for tax audit.
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
Please check below document for more details-
https://orange.taxsutra.com/articles/639670b576d2dae02d4db2f87da8e3/expert_article
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