Profit/loss on shares/f&o in nbfc

Stat Audit 844 views 1 replies

RAKESH KUMAR JAIN

PARTNER

31 Points Joined May 2012

How to incorporate Profit/Loss on Sale of Shares or F & O transaction in New Schedule VI formate in case of share Tradding Company/NBFC. It is to shown in notes But where to clubed Revenue from Operation or Other Income. and what if figure is Loss?

Any one who know please let me know. Thanks

CA RKJAIN

Replies (1)

Prakash Udeshi

Chartered Accountants

44 Points Joined September 2008

For a share trading co/nbfc ... profit/loss on share trading is income from operations. If the same is loss then show negative figure in notes (schedule)