Updated Online video classes available for CA,CS,CMA for May20 and Nov20 batch. Call: 1800-3000-0505

How to present futures & options turnover in itr form


nilesh (PROPRIETOR)     14 March 2019

nilesh
PROPRIETOR 
 1 likes  208 points

| My Other Post

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?

avater

Dhirajlal Rambhia (KVO Merau Kutchh)     14 March 2019

Dhirajlal Rambhia
KVO Merau Kutchh 
 9128 likes  92671 points

View Profile | My Other Post

Net (aggregate of differential amount) realization.

avater

CA. Umesh kumar (ca.umesh11@gmail.com)     16 March 2019

CA. Umesh kumar
ca.umesh11@gmail.com 
 79 likes  1211 points

View Profile | My Other Post

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


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  



Popular Discussion


view more »