SIR one is 15 lks BUSINEE income and derivatives is 2.24 loss , can i set off both and arrive to net profit in business p&l, OR IT IS TO BE SHOWN IN DIFFERENT HEADS IN INCOME COMPUTATION STATEMENT, MY AUDITOR IS ADVISING TO DEBIT F&O LOSS DIRECTLY FROM CAPITAL WITH OUT SHOWING ANY EFFECT ON INCOME WILL BE SAFER TO GET NO MORE QUESTIONING FROM DEPARTMENT, PLS GIVE WISER ADVISE , THANK YOU
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Loss in derivatives
Replies (2)
You can sett off derivative loss from Income of business.
Thats more safer
Ruchika is absolutely right.
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