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Easy Office

capital gain problem

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(Querist)
31 March 2009 hi ! every one !send me answer as soon as possible . question : i have business of dealing in shares . If turnover goes above rs 40 lacs in nifty future then what is the tax treatment ?
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
31 March 2009 i think for nifty profit amt is taken as turnover so u need to see profit and not sales...
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CA LOKESH KASAT, FCA, M.Com

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CA LOKESH KASAT, FCA, M.Com (Expert)
31 March 2009 You have to Go for Tax Audit u/s 44AB.
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