Tax
This query is : Resolved
p.sunil kumar reddy
(Querist)
10 June 2017
sir, can you please tell me how to calculate the turnover of speculative business
Nikhil Kaushik
(Expert)
10 June 2017
in speculative business the turnover is computed as sum of absolute difference between sales and purchase value of each trade. ie if in one trade the purchase value is 10 and sale 15 and in second trade the purchase value is 15 and sale is 10. then the turnover is 5 for first trade and 5 for the second trade. Thus total turnover being 10.
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