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Derivative trading treatment i.tax

This query is : Resolved 

01 June 2016 Details of Derivative Transaction F & O is as under TOTAL OF Purchases 19020200 Total of
Sales 11050500 Profit 160605 Losses 243080 Net Loss
82475 Whether above F& O Transaction will Come Under Tax Audit, Under which Head Return will
be Filed

01 June 2016 prima facie NO.
find out the MOD (positive) value of all the transactions. If it exceeds the limit, then tax audit becomes applicable.



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