Derivatives Income


This query is : Open 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
17 December 2010 In case Proit & Loss is as Under , How to show Turnover and Net profit
A -10,0000
B -20,000
C Loss 15000
D Loss 12000

What i show in return as Gross Receipts/Turnover and in case Turnover 57,000 how the difference will be shown to arrive at Net Profit Rs 3,000??

17 December 2010 Show profit of Rs. 3,000/- only in P & L. for turnover purpose only the turnover is Rs. 57,000/-.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
17 December 2010 My question is How to show
Gross receipts/Turnover as Rs 57,000
Net Profit as Rs 3,000
Difference amount 54,000 under which Head/Particular??

18 December 2010 no head. show profit as 3000

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
18 December 2010 what exp can i claim fro the income
and what in case i need to maintain accounts, i will be required to show whole figure as how i have arrive at profit???

AMAN Gupta (Expert)
21 December 2010 Are you asking how to show them in the income tax return?


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



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
Featured 27 October 2026
semi-qualified CA

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Final

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 29 October 2026
Article Assistant (CA Inter / CMA Inter) - Thrissur

Varma Raja & Associates

Thrissur

CA Inter

View Details
Company
ARTICLESHIP 22 October 2026
Articleship intern

Srinath Manikanta

Hyderabad

CA Inter

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details