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Accounting for option trading
according to the broker the taxable turnover (absolute) was 1.04cr. the loss was around 2.4lac and brokerage was 48k. how to consider the sale n purchase of options to arrive the net loss (incl charges) ime., 2.88lac loss?
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@ Sri Snigdha,
2.88lacs is the loss since brokerage can be claimed as exp
2.88lacs is the loss since brokerage can be claimed as exp
Yes I do agree the net loss was 2.88lac, if I report the taxable turnover at 1.04cr in the credit side of p&l what should be the purchase?
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