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Derivative trading

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 July 2012 how to determine applicablity of tax audit for Derivative trading
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CA Lokesh Pokharna

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CA Lokesh Pokharna (Expert)
19 July 2012 TURNOVER DECIDED ON THE BASIS OF SUM OF TOTAL PLUS OR MINUS RETURNS NOT THE VALUE...........
E.G. BUY VALUE 100 SELL VALUE 103
BUT 100 , SELL 95

IN ABOVE CASE YOUR TURNOVER WILL BE 3+5=8 RS.
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