How to present futures & options turnover in itr form

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In case of futures & options the turnover is considered for audit limit is turnover total of positive and negative realisations. I would like to know how we can present this turnover in profit & loss account? specially if the the actual sale of F & O is more than audit turnover limit. Shall we put the figure of actual turnover or the net realisation turnover?

Replies (2)

Net (aggregate of differential amount) realization.

Total of negative and positive difference ignoring negative difference. may call me. CA umesh kumar- 9717597230


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