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Question ID : 317

whether F& O turnover be considered for tax audit purposes

whether the turnover made the futures and options, will be conred as turnover for the purpose of tax audit. my client had made a turnover of 4 crores this section. whether it will be treated as specution busess and only the net day + or - will be conred or the total turnover will be conrd. '

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Posted by suresh babu.n.v on Sep 21, 2005
Filed Under AUDIT

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