If we do F&O,we are likely to attract audit anyhow(specially option trading) and many CA's are not skilled in filing traders return because our trader community fall in rare of rarest.We are minority
They dont see us,many of us even dont need a return.My CA once commented on me,bhai isse paise bante bhi hai kya?Hamare idhar aajtak koi share market ka return file karne hi nahi aaya.
Now you can get the picture.
Ok,my question on Equity is,If my profit is 4L and Loss is 1.5L then turnover will be 5.5L
8% of this 5.5L is just 44,000.
Ab actual profit 44k ke upar hona to audit nahi lagega.Ab maan lo mai trading se 100% loss me hu,lekin mera FD interest hi 1L hai jo iss 44k se jyada hai,mane mai audit nahi karega.???
Equity se turnover badhta hi nahi hai.Maan lo turnover 15L hai,uska 8% hoga 1.2L,ab 1.2L se jyada profit badi nahi hogi.(FD interest+small Equity profit).
Fir yeh Equity me audit kab karna hota hai,pls batao bhai.
They dont see us,many of us even dont need a return.My CA once commented on me,bhai isse paise bante bhi hai kya?Hamare idhar aajtak koi share market ka return file karne hi nahi aaya.
Now you can get the picture.
Ok,my question on Equity is,If my profit is 4L and Loss is 1.5L then turnover will be 5.5L
8% of this 5.5L is just 44,000.
Ab actual profit 44k ke upar hona to audit nahi lagega.Ab maan lo mai trading se 100% loss me hu,lekin mera FD interest hi 1L hai jo iss 44k se jyada hai,mane mai audit nahi karega.???
Equity se turnover badhta hi nahi hai.Maan lo turnover 15L hai,uska 8% hoga 1.2L,ab 1.2L se jyada profit badi nahi hogi.(FD interest+small Equity profit).
Fir yeh Equity me audit kab karna hota hai,pls batao bhai.