Can any one help me with regard to the calculation of turnover in case of futures and options
And also the limit for the applicability of the tax audit
Hi, I'm CA Aakarsh Jain. Turnover in case of Futures and Options is calculated by adding the profit and loss absolute value plus option premium.
If you need any detail advice and want to talk to me for full understanding then please check your inbox, I am leaving the details there.
Many people are misguided in case of audit in Futures and Options but I have dealt it earlier and know when and only when the audit is required. In most of the cases audit is not required but there are different criterias to check.
CAclubindia
