Section44ad

This query is : Resolved 

28 June 2014 does share trading in F&0 or intraday /BUSINESS transaction where stt is paid comes under section 44AD OR NOT.TO FILE THE RETURN.

28 June 2014 ITR will be required in case where the BROKERAGE income is above 2 lakh. Tax Audit will be applicable if BROKERAGE income exceeds 1 crore or it is below 8% of total turnover.

30 June 2014 if your doing share trading then it will business income if your sales value above Rs. 1.00 crores then audit required.




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