I have incorporated a Partnership Firm for the sole purpose of Investment in Stock Market. We are doing this investment and trading ( F&O and intraday ) activity through a stock broker. No other business activities are done in this partnership firm. Now, the income arising from this business has to be treated as Income from Business or as Income from Capital Gains.
our turnover is approximately 1.10cr so there is any requirement of audit.
.
CAclubindia
