Taxation and fo turnover

Subramanian (CMA) (25 Points)

02 August 2015  

I have gone through the various queries and replies and I still confused. I have also contacted some Chartered Accountants, but at the end of the I am still confused.

Taking my case in the FO segment I have made total loss of Rs 4.9 lacs. But if I calculate my TO I have add positive and negative ignoring the sign. So my turnover is 3,80+(-8.7*-1)= Rs12.5 lacs.

If show my turnover as Rs 12,5 Lacs how can I show a loss of Rs 4.9 Lacs?

If I show Rs 12.5 Lacs as TO, how will show a loss of 4.9 Lacs. When my net receipts from FO is negative figure whether the ICAI is right in calculating the turnover in the above fashion, May all experts are interpreting the guidance notes in a wrong manner? I am not sure. If the Institute Guidance note is correct what is rule or law behind that,

Can any body guide me. If any body can give their mobile I can talk. My mobile is 9176309550 and my email is subra51 @ yahoo.com