Audit turnover for F&O

future and option ma audit ka turnover kay hota h
Replies (3)
Quick Summary
This discussion clarifies the turnover calculation for Futures & Options (F&O) audits. It explains that turnover is derived from Profit + Loss, with Net Positions also needing to be included. A general benchmark of Rs. 10 Crores is mentioned as a common limit for audit considerations, especially given the prevalence of online transactions.

Profit + Loss , ( Net Positions should be added to arrive at turnover for F & O)

Generally,  Rs. 10 Crs. ...................                         

Since all transactions are online, you may consider 10 Crores limit for audit as said by above member

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