For applying Section 44 AB for the bussiness of share trading,what we take as turnover? Is it only consider total sale of securities or consider both sale and purchase ?
Menu
Share Trading
Replies (2)
For the purpose of section 44AB total sales/ gross receipts are taken for calcuating the limit of 60,00,000.
Absolutely Wrong...............
Share Trading Business is now covered under section 44AD. For calculation of turnover see guideline of ICAI. it will be false to take total sells.
Difference will be seen for 60,00,000/- u/s 44AB.
Recent Topics :
- Extension of Due Date of AY 2026-27
- FAST DS 2026
- Does AIS GST Purchase aggregate GSTR-2B expenses?
- Form 26A - System has encountered some technical p
- Tool to convert GST invoice PDFs into Excel —
- Revised or rectification or leave it?
- Private limited tax audit
- LTCG - SEC54
- Foreign remittance from our client for Co Working
- UDIN generation
Related Topics :
CAclubindia
