hi,
if someone is trading in shares. how to calculate gain and loss as per income tax..
can we use the statement given by brokers like India bulls .
trading is for 12 lacs per day around .
You can definitely use those statements. But the methodlogy for calculation of profits will depend on the type of transaction you are doing.
For example: If it is Intra day the method of calculating profit is different than from F&O Trading.
it will also depend on whether you are showing it as Income from Business and Profession or Capital Gains
Please elaborate.
CAclubindia
