HELLO... MY QUESTION IS
:If a person is engaged in share trading and turnover of delivery based buying & selling is less than 60 lacs but speculation business in share trading where intra-day sale purchase is effected but delivery is not taken exceeds 60 lacs, is tax audit applicable ? IF YES PLEASE QUOTE CITATION,IF NO PLEASE QUOTE CITATION.THANX...
Yes. Tax Audit is applicable if turnover from speculation business exceeds 60 Lakhs..
Speculative business is also covered under same section 44AB...
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
RBSM Corporate Advisors Private Limited
Pune
CA
View Details
Hema Yashwanth & Associates
Chennai
B.Com
View Details
CCI
Pro
CAclubindia
