for tax audit

No, There IS No Celing Limit........

If U Show UR Self as Trader Then ...44AB is Applicable....i.e 40Lacs.....

But If U show as Investor.......

Then 44AB Not Applicable.........

if i show ur self as trader then hw 44AB is Applicable? bcz we can trade easily in a week for Rs 40 lac. and 44AB is Applicable if i trade in a Future & Option? Reply Urgently

44AB is Applicable if U Show It a Speculative Business Trader or Nonspeculative i.e F & O.

If Transaction Goes to Up 40Lacs.....

Better to Show as Investor...........