Comment on Notice under Section 139(9)? - Possible reason
commented on
26 Jan 2017, 01:57 PM
Dear Mr.Nitin,
I am doing F& O trading.
When preparing the audit statement, how to calculate the “BUY value ‘ & “SELL value” for F&O scripts.
For example in zerodha’s FO-TAX-P&L statement,
UPL16MARFUT 10000.00 405.06 4050600.00 10000.00 406.52 4065200.00 0.00 0.00 14600.00
IOC16JANFUT 1200.00 428.65 514380.00 1200.00 430.60 516720.00 0.00 0.00 2340.00
CAIRN16APRFUT 2000.00 220.53 441050.00 2000.00 212.20 424400.00 0.00 0.00 -16650.00
I am able to understand how to calculate the turnover from the profit/ loss values (i.e the aboslute value of profit & loss total).
But in preparing statement, how much will be value of BUY & SELL in the above cases.
How to arrive BUY or SELL value of individual transactions.
Buy and Sell value in case of Equity is easily understood, but in F&O how to calulcate this for audit purpose, to submit to IT dept.
Thanks
Ganesan
the profit is 2340