Tax on Intraday transactions
keval shah (Student CA Final ) (6 Points)
27 October 2020.
I want to know whether turnover plays any role in any area of taxability w. r. t. audit or any limit.
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for eg... I Sold 100 shares at 50 & bought at 48 same day. Though my profit is 200. My transaction is of Rs. 5000 .
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Does this 5000 plays any role anywhere?