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Short term capital gain shares

Vikash (G) (393 Points)

10 April 2021

Having short term capital gain and filing ITR2.DOES audit is required

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5 Replies

Ankit Neema (2742 Points)
Replied 10 April 2021

Not required

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CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 10 April 2021

No Audit is not required. In your case STCG occurs and filing ITR 2 doesn't require to audit

Vikash (G) (393 Points)
Replied 10 April 2021

Ok what in case i do intraday trading also

Ankit Neema (2742 Points)
Replied 10 April 2021

Intraday Trading, the Turnover equals Absolute Profit. Absolute Profit is the sum of all positive and negative differences from all the transactions.

I will suggest you file your return with professional person, he will guide you in better ways, as now a days department is raising the query even for small matter.