RAKESH KUMAR JAIN (PARTNER) (31 Points)
16 May 2012How 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
Prakash Udeshi
(Chartered Accountants)
(44 Points)
Replied 21 May 2012
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)
CAclubindia
