Commodities trading and tax audit

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673 Points Posted on 20 August 2022
is tax audit applicable for commodities trading particulurly gold and silver.
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On 20 August 2022 at 20:34 Report
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This discussion explores whether commodities trading, including investments in gold and silver, is subject to tax audits. It highlights that tax audits become applicable if your annual turnover exceeds the specified limit under Section 44AB of the Income Tax Act.

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754 Points Posted on 20 August 2022
People can use commodity trading to diversify their portfolios and at the same time, buy and sell actual commodities such as gold, silver or pulses.
Missing: audit ‎| Must include: audit
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On 20 August 2022 at 20:45
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Chartered Accountant
86505 Points Posted on 20 August 2022
If turnover exceed specified limit u/s 44AB.
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On 20 August 2022 at 23:16
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Profession Business
28246 Points Posted on 22 August 2022
Mr. Mohan applicable.
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On 22 August 2022 at 08:05

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