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RAHUL M (PROPREITOR)     23 September 2018

Derivatives transaction in itr

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.



 3 Replies

praveen

praveen (CA Student)     24 September 2018

Show it in Speculation Business under Business Head...

RAMESHBHAI PATEL

RAMESHBHAI PATEL   24 September 2018

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

praveen (CA Student)     24 September 2018

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


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