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Regarding option transaction


KIYOSH (TAX CONSULTANT)     16 July 2011

KIYOSH
TAX CONSULTANT 
 15 likes  332 points

| My Other Post

 

MY CLIENT IS TRADING IN OPTION. HE HAS FEW OPTION TRANSACTION AT THE END OF MARCH WHICH ARE C/F & EXPIRING IN APRIL & MAY.

WHEN I AM ENTERING THOSE OPTION TRANSACTION WHICH ARE C/F  IT SHOW PROFIT OF10 LAC AT THE END OF MARCH BUT IN APRIL / MAY WHEN THESE CONTRACT EXPIRES IT IS ACTUALLY LOSS OF10.50 LACS.

REQUEST YOU TO PLEASE GUIDE ME HOW TO ACCOUNT SUCH TRANSACTION.

 FOR TURNOVER PURPOSE IN FUTURE TRADING WE TAKE DIFFERENCE BETWEEN BUY & SELL. HOW TO CALCULATE TURNOVER IN OPTION TRADING ?

PLEASE HELP.

KIYOSH




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