If I am regularly trading in share in my personal name, can I show the same as business income/loss and set off corresponding expenses against it?
2 Replies
CA. Dashrath Maheshwari
(TaXpert)
(15108 Points)
Replied 26 October 2007
Yes you can do, but for this your turnover may be out of 40 Lakhs and you will be liable for Tax Audit .. if so
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