dear colleagues
gud noon
ek client hai mere jinhe commodities trading me 175500/- ka short term loss hua hai... toh unka turnover kaise calculate kru or iss show kaise kru
regards
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Commodities related transaction
Replies (9)
Quick Summary
The transaction without delivery basis are treated as business income.
the loss should be declared under PGBP head.
The turnover in case of F&O transaction to be computed as below:
(i) The total of favorable and unfavorable differences (Profit/Loss) shall be taken as turnover.
(ii) Premium received on sale of options is also to be included in turnover.
(iii) In respect of any reverse trades entered, the difference thereon, should also form part of the turnover.
Please note whether the difference is profit or loss it will not make any difference, and all the difference aggregated to compute the turnover.
Toh sir hua toh short term loss hai toh usse as a business loss hi show kru.. kyunki transaction without delivery base per hi hai.. tabhi toh turnover 4 crore hai... mtlb buy or sell crore me hai
1. This is treated as business income.
2. Turnover is to be calculated as per guidelines issued by ICAI, (as explained earlier). It will be lesser than the 4cr.
Ok sir... ek last confusion.. usse ek trade me 10380/- ka loss hua or next trade me 165457/-... bss usne year me 2 trade hi liye the.. toh uska turnover 175837/- Or business loss bhi 175837/- hi hua correct hai na sir??
Correct... first positive turnover second same figure but negative.
In case he has any other business income than this loss can be set off with any other income except salary.
Ok guruji thank you so much.. toh meri ye calculation sahi hai na??
or sir aapke koi contact num. Ho toh de do ... yha per roj bahut confusion hota hai... aapko kabhi call krke distrub toh nhi krunga lekin query whatsapp jarur kr dunga
or sir aapke koi contact num. Ho toh de do ... yha per roj bahut confusion hota hai... aapko kabhi call krke distrub toh nhi krunga lekin query whatsapp jarur kr dunga
You can post the query in expert section, there this confusion will not arise. You will get authentic reply.
Ok guruji🙏🙏
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