28 April 2016
I have received PAN earlier this month. And I have also an Savings Account with LVB and also a Demat Account. Now I would like to know that do I need to file Income Tax return if I do Share Trading? or what is the limit of transactions in this regard. Experts need your advice.
28 April 2016
Dear Mr. Ashish,
Share trading business is also covered under specified business u/s 44AD. Hence if your profit during the year of less than 8%, you'll need to audit your accounts. So be sure that you keep all your records up to date just in case
CAclubindia
