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Futures Turnover for ITR-4
for filing itr-4, gross turnover of futures for calculating 6% net profit will be "sale value of futures" or "sum of positive value of profit & loss of futures" ??
Replies (3)
Sum of positive+ negative will be considered as turnover
Selection of itr is based on three components:
1. source of income
2. gross total income
3
nature of the assesse.
1. source of income
2. gross total income
3
nature of the assesse.
Question is about turnover
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