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Audit turnover for option traders
what is the turnover calculation for option traders, to get tax audit done. in ay 23-24
Replies (2)
The turnover for options traders will be determined as the sum of:-
1) Absolute total of favorable and unfavorable differences
2) Premium received on the sale of options where the same is not considered above
In case of any further queries, kindly mail me at casoravgupta @ gmail.com
Thanks & Regards
CA. Sorav Gupta
(Practicing Chartered Accountant)
Premium received on sale is the total sale amount?
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