Dear All
As per Income Tax point of view what is the meaning of turn over --- is it the gross sale value or net sale value ? or it is the value of purchase + sales incase of share trading.
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What is the meaning of turnover in stock trading.
Replies (4)
In share trading, the right head for taxation is 'Capital Gains'. There is no significance for turnover.
how to account the capial gains at the end of year for ITR.
how to account the capial gains at the end of year for ITR.
The amount on sale of shares can be regarded as turnoner in case of investment company for others it's capital vgain
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