Calculation of income of derivative trading
This query is : Open
17 April 2015
sir,
as per guidence note issued by icai if a person do trading in derivative then turnover for purpose of sec 44ad will be like
for eg assessee is done 3 trading and incure
a profit 10000
b loss 4000
c loss 3000
then his turnover will be 17000 and 8% of 17000will be income taxable
m i right or there will be any other way
as per guidence note issued by icai if a person do trading in derivative then turnover for purpose of sec 44ad will be like
for eg assessee is done 3 trading and incure
a profit 10000
b loss 4000
c loss 3000
then his turnover will be 17000 and 8% of 17000will be income taxable
m i right or there will be any other way
17 April 2015
if there is loss then the net profit is 10,000-4000-3,000=3000 and on this tax is applicable.
17 April 2015
How will we apply 44ad then because it's return any business so we need to compulsory follow this
17 April 2015
How will we apply 44ad then because it's return any business so we need to compulsory follow this
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