Hi,
Can anyone inform when an intraday trader is required to maintain books of accounts. Actually i got notice from income tax office and income tax officer told me to show books of accounts for that financial year. I already provided him ledger of broker. Here i want to infom you that my main income is from salary.
That income tax officer told me that he could impose me fine of rs. 1.5 lac for not maintaining books of accounts.
Kindly help regarding this.
Can anyone inform when an intraday trader is required to maintain books of accounts. Actually i got notice from income tax office and income tax officer told me to show books of accounts for that financial year. I already provided him ledger of broker. Here i want to infom you that my main income is from salary.
That income tax officer told me that he could impose me fine of rs. 1.5 lac for not maintaining books of accounts.
Kindly help regarding this.
Books of accounts for intraday traders
