Intraday Loss Audit
Eswar Reddy S (CFO- at NHTF) (58275 Points)
24 April 2022
Is audit required for intraday loss in equity component of stock market trading ?
18 Replies
rocky
(accountant)
(953 Points)
Replied 14 June 2022
Yes, if you dont wanna declare 6% profit of turnover
CA Rashmi Gandhi
(Chartered Accountant)
(86432 Points)
Replied 14 June 2022
No as same is speculation business
CA Rashmi Gandhi
(Chartered Accountant)
(86432 Points)
Replied 15 June 2022
No audit applicable in case of intra day trading.
CA Rashmi Gandhi
(Chartered Accountant)
(86432 Points)
Replied 15 June 2022
Even speculation business has loss, no audit applicable.
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 15 June 2022
FNO Intraday trading and Equity intraday: under which heads these will be considered?
Both are speculative?
Both are speculative?
CA Rashmi Gandhi
(Chartered Accountant)
(86432 Points)
Replied 15 June 2022
FNO is normal business and equity is speculative
Recent Topics
- Forgot Udyam Registration Number. How to Find?
- Updated return for 24-25
- Partnership firm ITR Not filed for 3 Year and want
- REBATE U/S 87A IS NOT APPLYING FOR INDIVIDUALS FOR
- TDS ON SALARY 12346
- Spelling Mistake in E-way Bill
- Missed TDS on rental for previous 3 years
- Incorrect 26 QC
- What is the eligible condition of Gst amnesty sche
- TDS - 194Q
Related Threads
CAclubindia
