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?
Menu
Business Expenses
Replies (2)
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
Thanks for the info
Recent Topics :
- Affordable Residential Flats in Gurgaon
- Manufacturing
- TAN REGISTRATION ON E-FILLING SITE
- Form 10-IEA – Continuing Old Regime
- Income tax act 2026
- Belated Return where Form 10IEA filed this year to
- GST Reconciliation Tool (2A vs Books) - looking fo
- TDS ON PF FORM 19 WITHDRAWAL
- Can a virtual office in Mumbai be used for company
- Eway and e invoicing in condition where 4 party ar
Related Topics :
CAclubindia
