SEC 44AD INCOME TAX ACT - Professionals - Taxation - TIK Share
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SEC 44AD INCOME TAX ACT


venkata rao

2014-03-21

IS A SHORT TERM  TRADER  IN STOCK MARKET TO FILE  RETURN OF INCOME UNDER SEC 44 AD?  AND IS    ITR IV  APPLICABLE FOR HIM?PL. REPLY

R.V.RAO

raovr2001@yahoo.com

CA Pulkit Sharma

2014-03-22

Hi solution to your question is here, Section 44(ad).

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MANOJ SHARMA

2014-03-22

Yes, you can file U/s 44AD, Short Term Trader of Shares comes Under the Catagory of Speculative Business, there is no any restrictive bar to file U/s 44AD in this case. only commission income can not be taken in the given section.

 

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