https://www.taxtmi.com/forum/issue?id=1926 Computation of turnover for audit under section 44AB distinguishes transaction types: delivery-based transactions use aggregate sale and purchase consideration and are typically capital gains (subject to being treated as business if turnover is high); intraday trades are speculative with turnover as net sales; F&O/non-delivery transactions use the net total of all gains and losses as turnover. en-us Tue, 11 May 2010 11:44:24 +0530 Thu, 23 Jan 2025 15:58:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1926 Computation of turnover for audit under section 44AB distinguishes transaction types: delivery-based transactions use aggregate sale and purchase consideration and are typically capital gains (subject to being treated as business if turnover is high); intraday trades are speculative with turnover as net sales; F&O/non-delivery transactions use the net total of all gains and losses as turnover. Discussion-Forum Income Tax Tue, 11 May 2010 11:44:24 +0530 https://www.taxtmi.com/forum/issue?id=1926