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Derivatives transaction in itr


RAHUL M (PROPREITOR)     23 September 2018

RAHUL M
PROPREITOR 
 1 likes  46 points

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sir,

in ITR where to report FNO Derivatives Transactions. i know derivates absolute value is considered for turnover and for audit consideration, now where should i show sale, purchase figures of derivatives transactions.

praveen (CA Student)     24 September 2018

praveen
CA Student 
 8 likes  238 points

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Show it in Speculation Business under Business Head...

avater

RAMESHBHAI PATEL   24 September 2018

RAMESHBHAI PATEL

 19 points

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only net profit or loss, total of both is required to be consider for turnover. and it is business income.

praveen (CA Student)     24 September 2018

praveen
CA Student 
 8 likes  238 points

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Yes, Turnover = Profit- Expenses- Any taxes paid...


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