Audit limit for future and option share trading

1110 views 3 replies

self

2121 Points Joined June 2011

Please provide me audit limit for future and option trading. Please Please provide circulat or any file u have.

Thanks

Replies (3)

C.A Final Student

472 Points Joined July 2011

Hi Hardik

In case of Income earned through Trading in future and option exceeds the limit prescribed u/s 44AB

i.e Rs. 60 Lakhs. The Audit is got compulsory.

In your case if limit of 60 Lakhs got exceed the audit will become compulsory accordingaly.

Thanks and Regards

Suraj Pahuja

Accounts manager-MBA

2150 Points Joined July 2008

agreee with above

Chartered Accountant

66 Points Joined April 2008

Originally posted by : pahuja
	Hi Hardik In case of Income earned through Trading in future and option exceeds the limit prescribed u/s 44AB i.e Rs. 60 Lakhs. The Audit is got compulsory. In your case if limit of 60 Lakhs got exceed the audit will become compulsory accordingaly. Thanks and Regards Suraj Pahuja