for tax audit

in case of share market intraday trading  , is there any ceiling limit for tax audit u/s 44AB ?

 

VIkash Mangal

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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