my client done speculation of shares.
total consideration above 3 crores.snd purchases also 3 crores.
will he under tax audit purview
Vijay Mohan (637 Points)
04 July 2022
rama krishnan
(12234 Points)
Replied 04 July 2022
Karan
(.)
(58 Points)
Replied 05 July 2022
If trades are from intraday then purchase and sale value is irrelevant.
What you need to do is calculate profit and loss on each trade individually (without considering brokerage and other COA expenses)
Now you need to ignore negative value from all loss trades and sum it up
In excel this can be done easily using ABS Formulae
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