FnO Turnover and Profit in ITR
This query is : Resolved
13 September 2025
Sir,
I have little confusion for preparation of pnl ad b.sheet.
1) in pnl we have to mentioned in total Sell Value and total purchase Value ? Or we have yo shown directly profit or loss??
In some video opinion are different!!
2) Absolute Value of Realized profit only calculation for applicability of Tax Audit?? It is not effected in pnl right??
3) in b.sheet can we mentioned only bank balance, investment balance of only Value based on holding statements in demat account?? And capital assets ,if any?
Please guide me urgently
Thank
I have little confusion for preparation of pnl ad b.sheet.
1) in pnl we have to mentioned in total Sell Value and total purchase Value ? Or we have yo shown directly profit or loss??
In some video opinion are different!!
2) Absolute Value of Realized profit only calculation for applicability of Tax Audit?? It is not effected in pnl right??
3) in b.sheet can we mentioned only bank balance, investment balance of only Value based on holding statements in demat account?? And capital assets ,if any?
Please guide me urgently
Thank
13 September 2025
Following charges allowed in FnO trading pnl?
1. GST paid
2. STT paid
3. Other incident expenses
1. GST paid
2. STT paid
3. Other incident expenses
14 September 2025
1 Turnover is sum of profit and loss.
Show net of profit and loss in p and l.
Deduct expenses including GST.
2 Calculate turnover for tax audit as above mentioned.
3 yes.
Show net of profit and loss in p and l.
Deduct expenses including GST.
2 Calculate turnover for tax audit as above mentioned.
3 yes.
14 September 2025
Yes, adjust f&o loss against short term capital gains.
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