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Applicability of clause 32 of Form 3CDtax Audit

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(Querist)
24 July 2009 Whether clause 32 is applicable on NBFC doing trading in Stock Market Securities?

If applicable then how Gross profit, Net Profit and Turnover is to be calculated?
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
24 July 2009 Gross profit not applicable. Net profit after tax / turnover in net profit ratio and closing stock / turnover for turnover ratio.

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