Question ID : 747

TAX AUDIT OF SHARE TRANSACTIONS?

SHARES, SCRIPTS PURCHASED & SOLD ON DELIVERY BASIS(D-MAT A,C.) WHETHER 40 CS TAX AUDIT LIMIT SHALL BE APPLICABLE.
IF SHARES PURCHASED AS DERIVATIVE (DAILY PURCHASE & SELL) WHETHER TAX AUDIT IS APPLICABLE FOR WHOLE RS.40 CS TURNOVER OR NET PROFIT OR EARNED ON DAILY BASIS i.e. TOTAL PROFIT OR ABOVE RS.10 00 000 (10 CS AUDIT ON RECEIPTS BASIS).
CAN ANY ONE CRIFY ME ON THIS.
PRAKASH GATTANI, CA, CELL:94221-87101 '

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