Total Premium 10000
Total Profit 3000
Total Loss 2000
Total Charges 200
Net P/L 1800
What will be Gross Turnover for Income Tax Purpose
From Gross Turnover how should we less the premium and loss to get the ultimate profit amount
Menu
Profit & Loss A/c for Option Trading
Replies (1)
If it is option trading then turnover will be 3000+2000.
If you are treating equity also as business income then actual sale value will be turnover
If you are treating equity also as business income then actual sale value will be turnover
Recent Topic
- INCOME TAX DEPARTMENT: DOUBLE STANDARDS
- ITR-4,under presumptive Taxation
- TDS data mismatch with SFT
- Resale of under construction Residential Flat part
- What would be my Salary
- Damage good
- INCOME TAX RETURN
- Form 10E doubt
- LTCG on property sale after 24jul2024
- Should we mention NET INCOME or GROSS INCOME in i
Related Topics
CAclubindia
