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sanjeev
( Author )
09 January 2010
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Which of the following statement is true for the purpose of AUDIT with regard to F&O turnover :-
A) The total difference between Buy and Sell price of F&O contracts is taken to calculate the 40 Lakh limit, i.e. the profit + loss + premium on options recd + premiums paid.
B) The total difference between Buy and Sell price of F&O contracts is taken to calculate the 40 Lakh limit, i.e. the profit + loss + premium on options recd (By selling option contracts).
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) now 
