In case of intraday trading (not opt for presumptive taxation), What is
1. Gross receipt
2. gross profit
3.exp
while we filing Income tax return (no account case)
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Intraday trading
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profilt from intra day trading is of speculative nature. Net profit= Gross profit- other expenses.
show net profit in ITR
how to find out Turnover, Gross profit, expenses.. plz elaborate with an example.
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