Pranav Bembi
(Practice)
(56 Points)
Replied 08 July 2011
For the purpose of section 44AB total sales/ gross receipts are taken for calcuating the limit of 60,00,000.
CA Hardik Bunha
(self)
(2121 Points)
Replied 10 December 2011
Absolutely Wrong...............
Share Trading Business is now covered under section 44AD. For calculation of turnover see guideline of ICAI. it will be false to take total sells.
Difference will be seen for 60,00,000/- u/s 44AB.
CAclubindia
