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accounting of shares

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(Querist)
30 September 2007 i want urgently accounting entries to be done for client-(Individual)investing in futures and options and what to be considered as turnover u/s 44AB under futures and options.
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Ravikumar.G

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Ravikumar.G (Expert)
30 September 2007 Assessee carrying on any business - 40 L
Profession - 10 L

In your case if it is not a business income then Sec 44AB will not attract. Howmuch it may be !
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KAAPIL

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KAAPIL (Expert)
11 November 2007 Thanks.
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