banner_ad

Audit Limit

This query is : Resolved 
Profile Image

Profile Image

(Querist)
31 May 2011 I am trading in National Spot Exchange for commodities, where my total value of the product is parked for the period i trade, unless like only margin is invested in F&O for the trade. But i am not actually taking the delivery of the product and henceforth not liable for VAT taxes. Then for my audit limit, is the total volume added to my limit or as in F&O, only the profit or loss is added to come to trading volume for audit purpose.
Profile Image

CA MANOJ GUPTA

Profile Image

CA MANOJ GUPTA (Expert)
31 May 2011 PROFIT OR LOSS IGNORING THE SIGN WILL BE ADDED SO AS TO ARRIVE AT THE LIMIT OF 60 LAKHS

CA MANOJ GUPTA
JODHPUR
09828510543
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details