Turnover calculations
This query is : Resolved
10 January 2014
if an option in derivaties square off same day what will be turnover for audit purpose.
Nikhil Kaushik
(Expert)
11 January 2014
the net amount...if it is loss, multiply by -1.
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Nikhil Kaushik
(Expert)
11 January 2014
it means this...lets say you have gains on day 1 Rs 100...and loss on day 2 Rs 100...so the turnover is not Zero...turnover shall be Rs 200..
Rs 100 gains + loss (Rs 100*-1) = Rs 200
Rs 100 gains + loss (Rs 100*-1) = Rs 200
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11 January 2014
thanks - I am retired and engaged in stock. searching for good c/a for my incometax need. my maid id. is rameshchandra.maheshwari@gmail.com & mobile no. is 8976539010.cn I contact u.
Nikhil Kaushik
(Expert)
11 January 2014
sir I will call you morning if its ok with you..around 10.30?
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