Sir i want to ask you about stock income if anybody trade as a intraday trading for one year and his buying and selling Transaction goes above 1 cr. but the profit is only 1 lac and from other income his profit is 1 lac so then what will be the income tax slab for that and audit will be held for that case and tax will be charge ?
2. if he trade delivery basis and his selling transaction is below 1 Cr. and income is 1 Lac what will be treated by income tax rule ?
3. if his trade intraday or delivery transaction is above 1 Cr. and still income is 3 Lac and loss are 2 lac then what tax and audit will be ?
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