1. K

    Does Commodities trade for salaried person attract tax audit?

    1) What is "turnover" in commodities trade? for eg: I bought crude at 4431(total cost: 443100) and sold it at 4473 (sold at 447031 after brokerage). Net profit Rs3870.53 What is my turnover in this case? (is it 3870, or is it the cost+sale amount) 2) Is tax audit applicable to salaried...