Sir if intraday trading turnover exceeds 2 CR then it is liable to tax audit or not
Client is using margin of 10x
Audit mandatory u/s. 44AB......
5 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177749 Points)
Replied 27 August 2018
Yes Dear, ask if you have any query.......
Follow your principal, and collegues whenever any question arises....
Shubham Jain
(Haryana)
(131 Points)
Replied 10 March 2019
Sir read sec 43(5) of income tax which defines speculative business and explanation of turnover for the purpose of tax audi
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