F&O TRADE DATED 30 MARCH AND 31 MARCH BILLED ON 1 OR 2 APRIL

This query is : Resolved 
Quick Summary
This discussion clarifies the financial year attribution for F&O trades executed on March 30th and 31st, 2023, but billed on April 1st, 2023. The consensus is that the gain from these trades, amounting to Rs. 278,500, is correctly attributed to the Financial Year 2022-23, based on the trade execution date rather than the billing date.

Profile Image

Profile Image

(Querist)
04 December 2023 F&O trade dated 30 March 2023 / 31 March 2023 is billed on 01 Apr 2023 for Rs. 278500 (gain).

Is this gain amount is related to FY 2022-23 or FY 2023-24.

Kindly explain.
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
05 December 2023 It's related to FY 2022-23 based on trading date.
Profile Image

KIRPAL

Profile Image

KIRPAL (Querist)
05 December 2023 thanks a lot sir. if you have any other details regarding the matter pls feel free to share here.
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


Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Pro Member Pranab BanerjeePranab BanerjeePro Member Konijarala prasadKonijarala prasadPro Member G.E.SudarsanG.E.SudarsanPro Member Sagar KhakhiwalaSagar KhakhiwalaPro Member ARUP BHATTACHARYAARUP BHATTACHARYA
Subscribe to Pro
Join an elite circle of professionals



Answer Query



Quick Links



Browse by Category