VAT Audit
This query is : Resolved
Bhavin Kanabar
(Querist)
10 March 2009
A person is doing trading of shares (with Delivery base or Intra day). Now annual turnover is exceed the limit of 40
lacs.it is liable for income tax Audit..?
lacs.it is liable for income tax Audit..?
C A GROUP COACHING
(Expert)
10 March 2009
In case of Shares trading the limit for audit u/s 44AB is not based on T/O of shares value but it is based on Profit / Loss of 40 Lkhs from such trading
CHANDRAKANT AMBANI
BOMBAY
9819408963
9821240674
CHANDRAKANT AMBANI
BOMBAY
9819408963
9821240674
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