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capital gain vs presumptive taxation
I filed last five years under presumptive taxation for trading in shares. can I file as capital gains from this year onwards? did i eligible for presumptive taxation this year?
Replies (7)
If its trading or F&O....... go for presumptive assessment. (yes, eligible)
But if short or long term investment....... you can declare gains under capital gains.
thank you sir
Welcome..........
sir, under presumptive tax, turnover which I was mentioned sum of positive and negative returns. is this correct
if you filed return u/s 44AD for A.y 2017-18 than you have to file return for suceeding 5 yrs from A.y 2017-18
yes.... turnover for f&o transaction should be sum of negetive and positive amount of scriptt
thank you preksha
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