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.
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Derivatives transaction in itr
Replies (3)
Show it in Speculation Business under Business Head...
only net profit or loss, total of both is required to be consider for turnover. and it is business income.
Yes, Turnover = Profit- Expenses- Any taxes paid...
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