Hello Friends,
I have a doubt.
suppose Intraday trading transaction -
Bought 100 ITC shares @ ₹ 50 and sold 100 shares @ ₹70.
Bought 100 RIL @ 60 shares and Sold 100 Shares @ ₹50.
Turnover in this case - ₹3000
Gross Profit - ₹1000
Brokerage - ₹ 100
STT - ₹ 300
Other charges - ₹ 100
Net Profit - ₹ 500
I can show easily in No account case column but..
How to prepare P&L account for ITR 3 ( if Account Case)..
Do we need to mention actual sale and purchase or Turnover?
If turnover, how to adjust then..
plz clarify..
CAclubindia
