Hello friends, if i bought Mini nifty Future amt. of rs 56000 and sold it 59000 after 4 or 5 days then what is the accounting treatment ? shown it 3000 derivative income in credit side or purchase or sale entry to be made ?
zeal sheth (CA) (127 Points)
05 January 2009Hello friends, if i bought Mini nifty Future amt. of rs 56000 and sold it 59000 after 4 or 5 days then what is the accounting treatment ? shown it 3000 derivative income in credit side or purchase or sale entry to be made ?
Prakash Popat
(3134 Points)
Replied 17 January 2009
As Regards,Nifty Futures R concerned You may directly credit differences of 3000/-as Income.
CA Devanshi Gandhi (Ajani)
(FCA DISA Mcom CIFRS & LLB)
(9058 Points)
Replied 28 March 2009
record your income at rs. 3000
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
