Intraday Loss Audit
Eswar Reddy S (CFO- at NHTF) (58270 Points)
24 April 2022
Is audit required for intraday loss in equity component of stock market trading ?
18 Replies
rocky
(accountant)
(948 Points)
Replied 14 June 2022
Yes, if you dont wanna declare 6% profit of turnover
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 14 June 2022
No as same is speculation business
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 15 June 2022
No audit applicable in case of intra day trading.
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 15 June 2022
Even speculation business has loss, no audit applicable.
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 15 June 2022
FNO Intraday trading and Equity intraday: under which heads these will be considered?
Both are speculative?
Both are speculative?
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 15 June 2022
FNO is normal business and equity is speculative
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