Comment on Taxation Simplified

Anand12 commented on 03 Mar 2013, 12:33 PM

hi zerodha team

In past 2 month , i do intraday share trading sometimes. The total turnover in intraday is more than 2 crores of rupees. Whether I had to go for tax audit under section 44AB of Indian Income Tax? i am student ,also tell me they can imposed penlty under 271b???? any solution/advise???

i have only records in contracts notes nothing else..reply soon
thank you

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