F&O Unrealized profit
yashmitha (student) (81 Points)
17 July 2023For the Income tax filing do we have to include the Unrealized profit or loss from F&O open positions at the end of year to calculate the PGBP income?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(182250 Points)
Replied 17 July 2023
No, the transaction is not settled for calculation of turnover.
yashmitha
(student)
(81 Points)
Replied 17 July 2023
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(182250 Points)
Replied 17 July 2023
No, it will be accounted in the year of its realization.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961