Audit turnover for option traders
Deepali Mittal (57 Points)
17 February 2023
what is the turnover calculation for option traders, to get tax audit done. in ay 23-24
2 Replies
CA Sorav Gupta
(Chartered Accountant)
(1005 Points)
Replied 17 February 2023
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)
Deepali Mittal
(57 Points)
Replied 17 February 2023
Premium received on sale is the total sale amount?
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