Comment on Tradetax for income tax returns when trading
commented on
30 Jun 2017, 11:24 AM
I missed out this point:
The CA Institue, which has given the Guidance Note would have kept a typical trader in their focus while defining “Turnover” and may not have intended to apply the definition to an Equity Trader. The application of the Guidance Note to Equity Traders might have been a “bureaucratic accident” !
V Guruprasad