Trading in f& o
This query is : Resolved
08 June 2018
whether we have to show profit/loss on the basis MTM on 31-3-xxxx for open position we are holding on balance sheet date. i.e if we are in buy position of ex.20000 shares (i.e. we already sold the share we didn't have) and on th basis of MTM (on 31st price) we are in loss of to say Rs.-300000. whether i have to treat this loss/profit in my ITR. since loss or profit are not actually realized.
thanks in advance
thanks in advance
CA Ankit R Momaya
(Expert)
08 June 2018
As per ICDS-1 Mark to Market Losses are not allowed.
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