In case of intraday trading (not opt for presumptive taxation), What is
1. Gross receipt
2. gross profit
3.exp
while we filing Income tax return (no account case)
Surbhi Chaudhari (STUDENT) (42 Points)
07 May 2019In case of intraday trading (not opt for presumptive taxation), What is
1. Gross receipt
2. gross profit
3.exp
while we filing Income tax return (no account case)
CA. Umesh kumar
(ca.umesh11@gmail.com)
(1465 Points)
Replied 07 May 2019
profilt from intra day trading is of speculative nature. Net profit= Gross profit- other expenses.
show net profit in ITR
Dev
(Article Trainee.)
(613 Points)
Replied 20 May 2019
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)