Profit on sale of shares

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C.A. Jayati Vora

C.A. Jayati Vora (Querist)
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17 June 2011 Sale of Shares within 1 year, whether STCG or Business Profit under the head PGBP ?

CA Navin Jain

CA Navin Jain (Expert)
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17 June 2011 IF THE TRADING IS ON DAILY BASIS THEN WILL BE TAXABLE UNDER HEAD PGBP AND IF TURNOVER IS EXCEED OF RS. 60 LACS THEN TAX AUDIT IS MANDATORY

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Profit on sale of shares

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