in case of share market intraday trading , is there any ceiling limit for tax audit u/s 44AB ?
VIkash Mangal
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for tax audit
Replies (3)
No, There IS No Celing Limit........
If U Show UR Self as Trader Then ...44AB is Applicable....i.e 40Lacs.....
But If U show as Investor.......
Then 44AB Not Applicable.........
if i show ur self as trader then hw 44AB is Applicable? bcz we can trade easily in a week for Rs 40 lac. and 44AB is Applicable if i trade in a Future & Option? Reply Urgently
44AB is Applicable if U Show It a Speculative Business Trader or Nonspeculative i.e F & O.
If Transaction Goes to Up 40Lacs.....
Better to Show as Investor...........
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