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Speculative Transtion

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(Querist)
23 July 2010 Please tell me which sections tells that absolute profit & loss in derivatives transaction should be taken as turnover for 44AB limit? If there is no section tell me the related stuff from where i can get the information?
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CA.Mini

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CA.Mini (Expert)
23 July 2010 guidance note/circular on income from trading of securities
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
23 July 2010 Pl read the writeup in https://www.caclubindia.com/articles/guidance-note-on-tax-audit-591.asp
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