tax audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 September 2010
xyz private limited
short term capital gain income = 2200000
divedend income = 2000000
---------------
total income = 4200000
--------------
tax audit hoga ya nhi
short term capital gain income = 2200000
divedend income = 2000000
---------------
total income = 4200000
--------------
tax audit hoga ya nhi
22 September 2010
In my opinion Tax audit is not required as addition has to be of "Gain + Loss".
22 September 2010
Kept open....
Other views are also welcome.
Other views are also welcome.
22 September 2010
If the income is from capital gains then it is not business income at all and no need to add any profit + loss and hence not liable to tax audit also.
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