How to Calculate Turnover in Shares
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 January 2011
If Mr. A Sales Shares of Rs. 100 or
On Difference between purchase & Sales i.e. Profit or Loss of a specific shares
ACC Profit Rs. 100
Bhel Profit Rs. 50
L & T Loss Rs. 50
Turnover Rs. 200
or from where can i get deifination - How to calculate turnover for shares
Thanking you
On Difference between purchase & Sales i.e. Profit or Loss of a specific shares
ACC Profit Rs. 100
Bhel Profit Rs. 50
L & T Loss Rs. 50
Turnover Rs. 200
or from where can i get deifination - How to calculate turnover for shares
Thanking you
15 January 2011
On the presumption these two are the only transactions during the year the turn over of the assessee will be Rs. 6 (Rs. 2 + Rs. 4). i.e., even if a transaction results in loss the diference between the purchase and sales will be taken for the purpose of calculation turnover for Income Tax Act. This is stated as net of sell and buy.
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