Shares Intra Day Trading U/s 44AD

Ankit Tantia (B.com ( Hons.) FCA DISA (ICAI))   (222 Points)

11 December 2021  

If Profit from Shares Intra day Trading (Speculative Business) is shown Under Sec 44 AD. How come the Income Tax Department shall know that the income is speculative as reporting under Sec 44 AD does not have speculative category.