F&O transactions
This query is : Open
19 February 2017
is the calculation of tax is different for them, and in turnover we include both favourable and unfavourable trades, why ??
Is any expenditure we allow them to deduct from profit?
22 February 2017
1. Tax calculation is not different.
2. Absolute value of gain or loss is considered as turn over only for checking the 44AB audit limit.
3. Expenses in relation to F & O trading can be claimed .
2. Absolute value of gain or loss is considered as turn over only for checking the 44AB audit limit.
3. Expenses in relation to F & O trading can be claimed .
22 February 2017
thank u sir
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