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???
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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.
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