Comment on Taxation Simplified

Nithin Kamath commented on 11 Mar 2014, 08:10 PM

Eric, If you have done only equity delivery based trades, you don’t need to show this as a business turnover, just show it under Capital Gains in which case you don’t have to worry about turnover. In case of STCG and LTCG, there is no need of turnover or worry about audits, even if your turnover is more than 1 crore. So if you are doing only delivery equity trades, that is the best way to file.

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