Direct Taxes - ( Profit & Loss Account In Case Of F&O Trading Income )

    Posted By : damini / Published on : 16-Oct-2019 11:01 AM / View : 38 / Comment : 0
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    Facing problem while preparing P&L account for the F&O Trader under tax audit. The turnover, in this case, is Profits + Losses + Premium on options if any. So if this is the turnover, then how to get to the net profit/loss in the P&L account? What will be the value taken for the purchase?
    Read more on : case trading income account loss taxes profit direct



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