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Short term transaction

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(Querist)
04 June 2019 WHAT IS THE PROVISION IN EQUITY SHARES SHORT TERM TRANSACTION IN INCOME TAX POINT OF VIEW.

LIABILITIES FOR AUDIT ON WHICH TRANSACTION, GROSS SALES OR DIFF OF SALES AND PURCHASE??
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Amol S Joglekar

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Amol S Joglekar (Expert)
07 June 2019 if the share are held for less than 12 months period, the gain shall be regarded as short term
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TAVKER NIKUNJ

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TAVKER NIKUNJ (Querist)
08 June 2019 AND WHAT IS THE AUDIT LIMIT AND ON WHICH AMOUNT (GROSS SALES OR DIFFRENCE OF SALES AND PURCHASE???
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Amol S Joglekar

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Amol S Joglekar (Expert)
10 June 2019 are you doing business in shares? Then only question of audit comes into play.

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