Turnover in case of F&O
Sravan Reddy (Student) (60 Points)
23 July 2017
How to determine turnover and purchase cost in case of F&O?
Sravan Reddy (Student) (60 Points)
23 July 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160721 Points)
Replied 23 July 2017
In this case, since the transactions in shares are non-delivery based, it is only the net of the sales and purchases that is to be treated as turnover.
Turnover of F&O is to be determined as follows –
Sravan Reddy
(Student)
(60 Points)
Replied 23 July 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160721 Points)
Replied 23 July 2017
Refer: turnover-balance-sheet-and-pl/
or in short /tax-on-f&o/
Sravan Reddy
(Student)
(60 Points)
Replied 23 July 2017
CAclubindia
