hello I hv a query regarding share trading.
like I trade in cash market only n always take delivery of shares . no intraday transaction no futures& options trading . Now my question is
1: what is the maximum limit of turnover to avoid tax audit???
2: how to calculate turnover in above cases???
Menu
share trading
Replies (3)
" no intraday transaction no futures& options trading .........."
No question of tax audit whatever be your turn over, provided you have been declaring your long term &/or short term gains/losses from the delivery based transactions....
hi,
as u r not involved in business of selling nd buying of shares, so no qstn of tax audit
no question of tax audit.
treated as short term capital gain or loss.
treated as short term capital gain or loss.
Recent Topics :
- Guidence requested for a Finance Professional with
- Expert Opinion Required – Form 140 Gross Amo
- WRONG TAX DEMAND - formal responses , rectificatio
- Foreign remittance
- Affordable Residential Flats in Gurgaon
- Manufacturing
- TAN REGISTRATION ON E-FILLING SITE
- Form 10-IEA – Continuing Old Regime
- Income tax act 2026
- Belated Return where Form 10IEA filed this year to
Related Topics :
CAclubindia
