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Intraday trading in shares
while calculate turnover for intraday trading in shares only sales value consider or both purchase and sales value considered for tax audit
Replies (1)
Hi Vijay
for tax audit turnover will be absolute value of gain or loss.
for ex : in one trade profit is 100 and in another trade loss 100 and now the turnover is 200, irrespective of your sale value and purchase value.
you can write to me at sthayin @ gmail
for tax audit turnover will be absolute value of gain or loss.
for ex : in one trade profit is 100 and in another trade loss 100 and now the turnover is 200, irrespective of your sale value and purchase value.
you can write to me at sthayin @ gmail
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