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Turnover in respect of share speculation

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(Querist)
05 November 2009 Can any body plz tell me as to what is meant by turnover in respect of share speculation business, is it the sale value or the net profit/loss on such transctions?
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CA. Bikash Bogi

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CA. Bikash Bogi (Expert)
05 November 2009 As per guidance note on Tax Audit It is Net profit or loss.

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