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Gross receipts in case of intra day trading of shares
What should be the gross receipts in case of intra day trading of shares? Please advise.
Replies (3)
the amount of shares sold.
Since there is no delivery of stocks, I am taking it as speculative business. The value of total stocks sold during 2015-16 is more than Rs. 2 crores.
it can be taking of speculative business gain, further u can take monthly or quarterly or annually receipt of income from ur broker, in order to know ur profit.
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