Comment on Taxation Simplified

Aijaz commented on 01 Mar 2014, 09:48 PM

Im trader in f&O and doing and have no other bussiness..
My mtm ledger shows profit of 10lakhs and my CA told me we can settle this profit under 44ad..
that is my settlement profit + loss turnover =48lakhs that means roughly have to pay around 19k tax..
Is this genuine or he is misleading?

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