intra day volume limit from tax perspective

[Anup Naik]

Please let me know if there is any monthly / yearly intra day volume limit for a normal investor from 'tax' and 'audit from CA' perspective.

For eg : If someone does intraday for 80k per day (buying + selling) should he file return (tax) through CA.

Awaiting reply...

 

[deepakji]

hi,
There is no limit for intraday trading.The more you trade the more stt you pay.Why will they kill a milking cow?

 

[deepakji]

hi,
There is no limit for intraday trading.The more you trade the more stt you pay.Why will they kill a milking cow?

You can file your own returns.Its simple File returns in ITR4 form,In the shedule BP Computation of income from business or profession, Item No 38
Net profit or loss from speculative business as per profit and loss statemnt
just fill in the amount +ve or negative

 

[looser]

is audit mandatory for TO more than 40 Lacs