Hemant D (na) (303 Points)10 April 2017
(SEO Sai Gr. Hosp.)
Replied 10 April 2017
" Can this net profit be considered as his presumptive income and tax paid accordingly @ 8% on the net profit?"
For derivatives as Non-speculative business, the net profit under presumptive method will be 8% of your Turn-over. There is specific method to calculate TO.
Tax over the said profit will be as per slab.