LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

Future & options

Sushobhit Agarwal (15 Points)

21 September 2021

can anyone provide profit & loss statement format for reporting F&O.

Reply
Follow
Share

4 Replies

veerendar singh (tax consultant) (3301 Points)
Replied 21 September 2021

There is no specific format.
there is only one complication and that is computing the turnover. if you have the turnover there is very little things remaining to finalise

Sushobhit Agarwal (15 Points)
Replied 21 September 2021

Sir i have the turnover and there is loss from F & O. How to show that in p/l

veerendar singh (tax consultant) (3301 Points)
Replied 22 September 2021

Pl can be dran by simply debitting all expenses relating to the f&o transactions.

are you asking for how to the profits in itr?

Sushobhit Agarwal (15 Points)
Replied 22 September 2021

Sir my turnover is around 36 lakhs and loss from f & o after all expenses is 260000. so on credit side turnover will come how to show debit side figure as loss is around 236000 and rest are expenses.