12 April 2008
Sir, If a client is engaged into intra day shares trading; wherein turnover easily exceeds Rs. 40 Lacs. Should he get his accounts audited u/s 44AB. If the turnover in intra day is slightly lesser than Rs. 40 Lacs but his regular business turnover; if included into it; total turnover crosses Rs. 40 Lacs; should he get his accounts audited. Thanks in advance.
CAclubindia
