Comment on Notice under Section 139(9)? - Possible reason

Nithin Kamath commented on 27 Jun 2015, 12:32 PM

Sreen, firstly when you mention intraday profit in brackets you have SCG (i am assuming you mean short term capital gains), this is wrong. Intraday profit is speculative business income.

But yes if your intraday profit is Rs 4200 and turnover 6600, you don’t need an audit.

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