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Smita_L01042008 (student)     21 December 2009

Returne file by Investor

kindly guide

1. what are the documents required to file and ascertain tax liability of an Investor who does trading in shares the Stock Market.

2. how the authenticity of return filed by such investor can ascertain


 1 Replies

Vineet (Director)     21 December 2009

If the assessee is a trader, he has to maintain books of accounts and get them audited as prescribed u/s 44AA and 44AB. He has to maintain seperate account for securities held on trading account and securities held on investment account.


The veracity o transaction can be made from the Demat Account, bank statement, ledger account in the books of broker and broker notes.

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