24 July 2024
Respected sir, I knew the absolute calculation of f&o turnover taking sum of profit & loss. But my query was, is it correct to reporting total sale value of f&o in 'other operating revenue' of trading A/c and total purchase value of f&o in serial 46 of p&l under 'other expenses' However there is no column to report absolute turnover in trading & p&l. ??
24 July 2024
Purchase value and sale value of f&o not to be reported. Report turnover as sum of profit and loss. Report 6% turnover as profit under 44AD.
25 July 2024
Sir, my case is of f&o loss, if we report under 44AD, we cannot carry forward loss. Hence we have to file financial, and in case of financial there is No separate column to report absolute turnover taking all sum of profit & loss. ??