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tax audit u/s 44 AB

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(Querist)
14 May 2008 how to calculate turnover in case of trading in future & options of shares/commodities - asked in relation to sec 44AB.

In case of day to day trading, whether turnover or profit will be the basis for tax audit ?
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CA Hemant T Dewani

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CA Hemant T Dewani (Expert)
15 May 2008 you will read guidence notes of ICAI latest edition they are given in this book

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