Maintain acccouts books

Is it necessary to maintain accounts books for tax purpose if individuals income is income from shares tarding and bank interest?

asked Jul 06 '11 at 18:08 by darshan 1344

If you are an investor and not a trader (huge volume of transactions, future and options, huge intra-day volume), then you don't need to maintain account books for income tax purposes.

answered Jul 07 '11 at 13:15 by Pankaj Batra 5.2k320


Know someone who can answer? Share a link to this question via Email, Twitter, or Facebook

Your answer
toggle preview

Follow this question

Once you sign in you will be able to subscribe for any updates here

Markdown Basics

  • *italic* or __italic__
  • **bold** or __bold__
  • link:[text]( "title")
  • image?![alt text](/path/img.jpg "title")
  • numbered list: 1. Foo 2. Bar
  • to add a line break simply add two spaces to where you would like the new line to be.
  • basic HTML tags are also supported



Asked: Jul 06 '11 at 18:08

Seen: 1,668 times

Last updated: Jul 07 '11 at 13:15