Shares trading- through DMAT Account

Sir, one of my client has done share trading activity wherein he purchased to the tune of Rs. 19 crores and also sold to the same extent( neary from 200 plus listed companies shares), gaining some small profit through D-MAT account. Now, would it attract 44AB ? kindly advise me.
Replies (3)
Quick Summary
This discussion explores whether share trading activity, even with a small profit through a DMAT account, necessitates an audit under Section 44AB. The advice suggests that the requirement depends on the nature of the transactions. Fully equity delivery trades are generally treated as capital gains without an audit, while intraday trading is considered speculative business requiring an audit. Trading in futures and options without delivery also typically requires an audit, with advice to check turnover reports from the brokerage house.

If it is fully equity delivery then you may consider it under capital gains without Audit .

If it's intraday trading then it will come under speculative business audit is required

If it is trading in futures and options where no delivery is involved then get tax report from brokerage house and check the turnover.You may have to go for Audit
Depends on nature of share transaction
@ T.N Reddy,

Is it intraday trading in equity or only investment in equity or any others ?

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