Dear All
As per Income Tax point of view what is the meaning of turn over --- is it the gross sale value or net sale value ? or it is the value of purchase + sales incase of share trading.
4 Replies
Suresh Pai S
(Tax Consultant)
(1029 Points)
Replied 20 January 2017
In share trading, the right head for taxation is 'Capital Gains'. There is no significance for turnover.
SHRMONEY
(solve legal finance problems - shrmoney@gmail.com)
(148 Points)
Replied 02 February 2017
how to account the capial gains at the end of year for ITR.
SHRMONEY
(solve legal finance problems - shrmoney@gmail.com)
(148 Points)
Replied 02 February 2017
how to account the capial gains at the end of year for ITR.
venkat
(CA )
(1518 Points)
Replied 05 February 2017
The amount on sale of shares can be regarded as turnoner in case of investment company for others it's capital vgain
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