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When is stock trading subject to tax Audit?

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  #1  
Old 23rd October 2007, 07:45 PM
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Post When is stock trading subject to tax Audit?

Hello

Friends can anyone give pointers to when stock trading subhect to tax audit in India.

thanks in advance
Regards
Smridhi
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Old 2nd November 2007, 05:42 PM
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Default Re: When is stock trading subject to tax Audit?

Quote:
Originally Posted by smridhi View Post
Hello

Friends can anyone give pointers to when stock trading subhect to tax audit in India.

thanks in advance
Regards
Smridhi
Probably you need to readdress this question to acatrader or diosys to get an answer......or probably in the Taxation Section.

Saint
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Old 2nd November 2007, 11:00 PM
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Default Re: When is stock trading subject to tax Audit?

When the total of profit and loss transactions exceed 40 lacs. e.g. you make 2 lac profit and then a 2 lac loss - the total value till now is 4 lacs.So if you reach 40 lacs - becomes compulsory to get Audited
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Old 5th November 2007, 05:56 PM
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Default Re: When is stock trading subject to tax Audit?

Dear Mr Saint and Mr aroymkp,

thank you very much for your feedbacks.

Regards
Smridhi
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