Question ID :
44552
turnover to be reported in Clause 40 in case of F&O Trading
What amount of turnover should be reported in clause 40 of tax audit report in case of F&O trading-
1. Turnover computed as per Guidance note of ICAI.
2. Turnover of Total sale value of F&O Trading.
Posted by
ASHISH GOYAL
on
Sep 22, 2023
Filed Under
AUDIT
1
Posted by
SURAJ KUMAR CHOUDHARY on
Sep 23, 2023
Answer ID :
85185
Turnover computed as per ICAI guidance note ie., the absolute value of the gain and loss.
Posted by
B.CHACKRAPANI WARRIER on
Oct 13, 2023