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Speculation income


30 August 2020 Is tax audit required if there is speculation loss on intra day trading on day 1 of Finanacial year and speculation gain on some other day of the same financial year, the net off result of both these speculation transactions is speculation gain and the turnover does not exceed 1crore

30 August 2020 Tax audit not applicable as turnover is less than one crore.

30 August 2020 Yes... correctly said. It is not applicable




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