29 July 2011
SIR, PLEASE TELL THAT CAN INCOME FROM TRADING IN OPTION DERIVATIVES BE FILLED U/S 44AD SECONDLY IN CASE OF OPTIONS WHAT IS TURNOVR IS IT SQUARE OFF VALUE OF A CONTRACT OR ADDITION OF ALL GAINS/LOSSESS. THANK YOU VERY MUCH .
29 July 2011
THANK YOU SIR FOR RESPONDING. BUT I WANT TO KNOW THAT IT IS IN CASE OF FUTURES THAT WE ADD GAINS/LOSSES FOR TURNOVER PURPOSE. IS IT SAME FOR OPTIONS ALSO. PLEASE TELL. THANKS