Income from intraday trade
Hiten (CA) (275 Points)
06 July 2016Hiten (CA) (275 Points)
06 July 2016
Sourav Mehta
(Partner)
(36 Points)
Replied 06 July 2016
In the case of intraday trades, turnover is the nett value (sale minus purchase or purchase minus sales, as the case may be) of every trade. Section 44AD applies to all business except those specifically mentioned therein like Commission, Profession etc.
2. Please explain what rate are we talking about for calculating gains ?
anshika mishra
(student)
(21 Points)
Replied 06 July 2016
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