Futures
This query is : Resolved
22 October 2015
I want to know is there any regulation for method to be followed for calculation of profit/loss in case of futures???
can we follow fifo method or weighted average method is to be followed???
kindly reply me on urgent basis.
can we follow fifo method or weighted average method is to be followed???
kindly reply me on urgent basis.
22 October 2015
FIFO method is followed by default.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Income tax return change regime form necessary or not?
- Resignation of auditor and appointment and cfss
- EXEMPTION OF LONG TERM GAIN UNDER SECTION 54F
- Machinery taking back from repair work shop
- Refund of Rs.4,00,000/- pursuant to Appeal Order – Deceased Proprietor & Closed Bank Account
- Refund credit after 143 (1) intimation
- REGARDING TURNOVER LIMIT
- Rebate U/S 87A on Short Term Capital Gain on Sale Of Property .
- Stop filling ITR
- Composite medical service contract
- Tax Audit Mandatory or Optional
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
