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How to present futures & options turnover in itr form

nilesh (PROPRIETOR)     14 March 2019

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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?


Dhirajlal Rambhia (KVO Merau Kutchh)     14 March 2019

Dhirajlal Rambhia
KVO Merau Kutchh 
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Net (aggregate of differential amount) realization.


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

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

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