Tax Audit
Trainee (Accounts Executive) (325 Points)
16 December 2017
I trade in futures and options. What turnover is applicable to tax audit. Also how to calculate turnover.
1 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178258 Points)
Replied 24 December 2017
Yes, for any profit declaration below 6% of turnover......
Refer: Turnover-tax-on-f&o
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