What is the turnover limit beyond which a tax audit is required for stock market trading in India, effective from FY 2019-2020?

According to the ICAI guidance note, how is turnover calculated for delivery-based transactions where stocks are held for more than one day?

Which of the following is considered the most compliant way of calculating turnover for trading in the stock market?

Which ITR form is required to be used when declaring trading as a business income in India?

What does a personal balance sheet summarize?

Which of the following is NOT a typical component of a personal balance sheet?

What does the Profit & Loss (P&L) statement summarize for a financial year?

Which of the following is NOT considered a valid expense for a trader when calculating the P&L statement?

What are the two essential books of accounts that an individual with trading as a business income should maintain?

Is an audit required if the trading turnover is less than Rs. 5 Crore and profits are higher than 6% of the turnover?