Intraday trading

No, if that be only activity of the assessee and no other business.

thank you sir. Sir assessee is salaried employee liable to tax on his salary and this intraday trading business only. But i have a doubt whether provision of sec 44AD is applicable or not as there is a loss in his share trading.

Section 44AD is applicable to speculative business, but you have to declare at least 8% profit margin.

Otherwise maintain books and file ITR 4.

sir whether his books of accounts are liable for audit if he doesn't declare atleast 8%profit margin

sir whether his books of accounts are liable for audit if he doesn't declare atleast 8%profit margin

Actually, audit is not mandatory by filling ITR 4, books maintained, P&L + BS declared; but practically its always advisable in such cases, as audit (is economical) will help to minimise assessment procedure.

thank you sir 

thank you sir 

thank you sir