Accounting for future and options

This query is : Resolved

Guest

Guest (Querist)

07 March 2014 Dear Experts,

I want to know the accounting for F & O trading and treatment in income tax act.

Thanks,

Nikhil Kaushik (Expert)
Follow

07 March 2014 accounted at income from business/profession

Message likes : 1 times

Guest

Guest (Querist)

08 March 2014 Sir,

I want to know whether only Net Gain/Loss is accounted for or total turnover.

Nikhil Kaushik (Expert)
Follow

08 March 2014 turnover is considered for eligibility of 44Ab audit. as such only the net profit/loss is taxed

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

Unanswered Queries

view all classess

Chaitanya Voolla

Konijarala prasad

Vishal Dave

office docs

AKCJ INFO