Kindly let me know what should be the turnover for derivative transactions. If transaction is squared up without taking delivery, only net should be considered for turnover or sale Value should be considered. What about premium.
Thanx
VKS
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derivative Tax Audit
Replies (3)
only net figure including loss should be considered. premium will also form part of turnover
Regards
VKshah
YES NET TRANSACTION IS ONLY TO BE CONSIDERED FOR TURNOVER
YES NET TRANSACTION IS ONLY TO BE CONSIDERED FOR TURNOVER
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