Total sale of shares exceed 1crore
This query is : Open
02 April 2017
If total sale of shares in intraday and delivery exceeds Rs.1 crore whether that person is liable for tax audit.
04 April 2017
For Intra-day, Sale amount is not considered as turnover. For Intra day, Turnover is aggregate of all the profit and loss.
Please check below document for more details-
http://orange.taxsutra.com/articles/639670b576d2dae02d4db2f87da8e3/expert_article
Please check below document for more details-
http://orange.taxsutra.com/articles/639670b576d2dae02d4db2f87da8e3/expert_article
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