Easy Office
LCI Learning

Intraday trading


15 July 2018 I have short term capital gain of Rs 50000 on a SALE turnover of Rs 50 lakh
and intraday profit of Rs 110000 on a sale turnover of 10 lakh and a long term capital gain profit of Rs 40000
should i show this profit under the head capital gain
or as business income if shown as business income what books will i have to maintain

15 July 2018 intraday is to be shown as business income. rest is capital gains.

18 July 2018 do i have to keep any books of accounts for business income of Rs 50000
is audit also required




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query