Suraj (735 Points)
28 February 2011I would like to know
1) which ITR to be used for a sub-broker who enjoys some limit (not actual cash limit) with Brokerage House for day-to-day trading in shares?
2) Whether such person is liable for tax audit? If yes, then what can be considered his turnover for IT section 44AB?
Pankaj Arora
(Learner)
(3134 Points)
Replied 28 February 2011
Only commission amount will be consider for tax audit u/s 44AB and you have to file ITR-4
CAclubindia
