audit for share traing

dear sir, i have sold share of rs59 lac in year 2010-11 and i show this as business in my incometax return .i have earned only 50 thousand as profit from share .should my account be audited?i have salary income rs.60000.is 8% netprofit rule applicable to me?please advice me

asked Apr 23 '11 at 12:27 by BPJAIN 11

Please consult a CA or tax professional regarding your case.
(Apr 26 '11 at 06:45) pankaj

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Asked: Apr 23 '11 at 12:27

Seen: 768 times

Last updated: Apr 26 '11 at 06:45

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