Speculation profit
This query is : Resolved
29 September 2008
I have speculation Transactions during the year. From turnover of Rs. 60 lacs i have profit of 40.01 lacs and from yurnover of 20 lacs i have booked loss of 2 lac. Whether tax audit u/s 44AB is aaplicable. to see the applicability should we see the overall turnover or profit. Whether the transactions of loss and profit can be set off against each other
29 September 2008
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