when tax audit required in share trading business (intraday, delivery and f&o). & if total sells in intraday+delivery is above 60 lk ,not in f&o, then how to calculate total turnover.
28 December 2010
sir, In intraday equity sales is turnover...?
as per other query, If I got 10k profit, 4k loss on the same day on two transactions, While calculating for tax audit purpose, what the amount should be taken for turnover? Is it14k or 6k? 07 November 2010 ans. 14k I have little confusion plz solve this. thanks...