Turnover for Share Transactions
This query is : Resolved
Ankit Garg
(Querist)
24 August 2009
what will be the turnover in respect of 'share transactions'?
it will be sales value of shares or Profit/Loss occurred on the share transactions for the purpose of tax audit.
it will be sales value of shares or Profit/Loss occurred on the share transactions for the purpose of tax audit.
NISHIT A. DOSHI
(Expert)
25 August 2009
TURNOVER=TOTAL VALUE OF SALES-TOTAL VALUE OF PURCHASE
WITH REGARDS,
C.A.NISHIT DOSHI
WITH REGARDS,
C.A.NISHIT DOSHI
25 August 2009
In my opinion, Turnover in case of F&O Business is
Sale Consideration Less Purchase Cost.
However, in case of Trading in Shares, Turnover is "Sales Consideration" only
Sale Consideration Less Purchase Cost.
However, in case of Trading in Shares, Turnover is "Sales Consideration" only
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