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04 July 2011 Whether Share Trading Income (Business Income ) can it be considered as Presumptive Income ?

05 July 2011 Yes it can be considered for presumptive income u/s 44AD.

05 July 2011 thanks for ur kind reply

but sir some confusion is yet their in ma mind.. kindly help me out

1. is it mandatory to show share trading u/s 44 AD
2.if some one is showing lower profit(8%) den audit is compulsory???
3.if some one is earning 43% return den it is justified to show 8% net income u/s 44AD
4.if net profit increases by 120000/150000.. books of accounts is compulsory??

waiting for ur reply in detail




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