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Audit

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(Querist)
12 July 2014 hi sir my client received commission income of Rs 3000000 during f.y 2013-14 commission income from intraday trading from india infoline wheter he is required to audit or not?? whether he is falling under professional or not??
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
13 July 2014 intra-day trading income is not commission income. he should fall under 44AD. If the profit is less than 8%, then audit is compulsory

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