10 March 2009
A person is doing trading of shares (with Delivery base or Intra day). Now annual turnover is exceed the limit of 40 lacs.it is liable for income tax Audit..?
10 March 2009
In case of Shares trading the limit for audit u/s 44AB is not based on T/O of shares value but it is based on Profit / Loss of 40 Lkhs from such trading
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