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F&O Trading - When Tax audit - What will be income

This query is : Resolved 

14 March 2010 In case of F&O Trading, what figures of trading amount will be taken as tax audit and when/what will be the income

14 March 2010 The sum of both negative and postive difference notes issued by stock broker will constitute turnover for tax audit point. Refer ICAI guidance note on tax audit u/s 44AB. The net of negative and postive difference notes will constitute income

15 March 2010 In case of F&O, only entry on the date of transaction have to be taken in to consideration.


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