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two businesses

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(Querist)
26 March 2008 if a person trades in shares and provides professional services as well, wil seperate p&l accounts be prepared to ascertain the net profit from the two?
if no, then how will we assess the income from share trading in order to claim the rebate u/s 88E
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CA Shailesh +91 9393926464

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CA Shailesh +91 9393926464 (Expert)
26 March 2008 U have to maintain separate books of accounts for share income and as well as for Professional income.
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