A person who purchases & sales shares and his total turnover in a year is more than 1 crore. Is he require to get his accounts audited u/s 44AB ?
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who is liable to tax audit
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If it is on delivery basis then it is required..... n not in case of intraday transaction....
If delivery turnover then liable if intraday and profit + loss crosses Rs. 40 lakhs then liable.
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