Share Trading & Presumptive Taxation
Apurva Apte (1 Points)
19 June 2020If I am earning profot from share trading. I'm treating my shares as stock-in-trade and hence the profit is taxable under the head 'Income from Business'. In such case, Can I opt presumptive taxation under section 44AD and can I disclose 8% profit on the sale value.
it is regular trade. not intraday.
Thank you in advance.