Comment on Taxation Simplified

chella commented on 10 Aug 2013, 09:25 AM

Dear Sir,
I think that a number of traders doing f&o may not be aware of Sec 44AD. Whether ‘Trading’ is not a profession? I think professionals are exempted from newly introduced Sec 44AD. Whether a person doing few transactions in F&O where the turnover may not exceed even two lakhs and having net loss, whether required to maintain books of accounts and got it audited?

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