I am salaried Person deals in Share trading. Am I liable for Audit under any Law?

July 4, 2022 /

Yes, You may be liable for Audit under the Income-tax act. It is not relevant whether you are a salaried person or not. What relevant is the amount of transaction you have done. If the quantum of the transaction exceeds the prescribed limits (Turnover calculated more than 1 crore as per Income tax act), you will be liable for Income tax audit.

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