Audit rules for intraday transaction in shares more than 40 Lakh

This query is : Resolved 

13 February 2008 Pls reply me sir What is the audit rules for intraday transaction in shares more than 40 lakhs Or should it discloused as STCG or Business Income.


Thanks


Hitesh Patel


13 February 2008 whether you have profit or loss both are add up to quantify the calculation for 40 lakhs and it should be disclosed as bussiness income



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