Derivatives Income


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???

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


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query



Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 12 March 2026
Customer Relationship Executive

TAXLET

Calicut

B.Com

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details