Menu
Share market P&L
I received profit and loss statement from client having short term, long term and intraday profit & loss in one sheet. multiple shares have both short term , long term & intraday profit . they give each profit seperately but turnover(buy value & sale value) is combined which I am unable to bifurcate. Since intraday, short term and long term have to mentioned seprately. how should I get separate turnover for each class..?
Replies (3)
Intra-day profit Loss is considered speculation income and in the return you have to provide turnover. And difference whether plus or minus - total of plus & minus is considered Turnover.
what should I do if don't have separate turnover I have only separate profits...
But that Turnover figure is mandatory to be filled in ITR 3 P&L item No. 65
Recent Topic
- Clarification Needed: Reporting Accrued vs Paid FD
- TDS on prize given to participants in Livestock sh
- TDS related matter - 194 IA
- Research: How do CA firms handle GSTR-2B reconcili
- CA FINAL FR IndAS 33 Illustrtion 14
- Taxation on Sale of old Jewellery Received at Marr
- ITR-3 Filling issues
- PF withdrawal and tax liability
- Sale of Goods or Services?
- ITR form query
Related Topics
CAclubindia
