Audit limit for future and option share trading

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self

1856 Points Posted on 15 November 2011

Please provide me audit limit for future and option trading. Please Please provide circulat or any file u have.

Thanks

Replies (3)

C.A Final Student

339 Points Posted on 15 November 2011

Hi Hardik

In case of Income earned through Trading in future and option exceeds the limit prescribed u/s 44AB

i.e Rs. 60 Lakhs. The Audit is got compulsory.

In your case if limit of 60 Lakhs got exceed the audit will become compulsory accordingaly.

Thanks and Regards

Suraj Pahuja

Accounts manager-MBA

2530 Points Posted on 15 November 2011

agreee with above

Chartered Accountant

63 Points Posted on 23 November 2011

Originally posted by : pahuja
	Hi Hardik In case of Income earned through Trading in future and option exceeds the limit prescribed u/s 44AB i.e Rs. 60 Lakhs. The Audit is got compulsory. In your case if limit of 60 Lakhs got exceed the audit will become compulsory accordingaly. Thanks and Regards Suraj Pahuja