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Shares Intra Day Trading

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(Querist)
11 December 2021 If Profit from Shares Intra day Trading (Speculative Business) is shown Under Sec 44 AD. How come the Income Tax Department shall know that the income is speculative as reporting under Sec 44 AD does not have speculative category.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
11 December 2021 In case of scrutiny of ITR it will be known.

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