Total sale of shares exceed 1crore

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adarsh (Querist)
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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

CA Gopal Somani (Expert)
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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

adarsh

adarsh (Querist)
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04 April 2017 Thank u sir

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