Derivative trading
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 July 2012
how to determine applicablity of tax audit for Derivative trading
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.
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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