Comment on Taxation Simplified

Hi,
In ITR4 I was filling “PART BS” sheet for my FNO trading. For No account case I have to fill these details:

1. Amount of total sundry debtors
2. Amount of total sundry creditors
3. Amount of total stock- in-trade
4. Amount of the cash balance

Scenario1:
Suppose I have 90K in my trading account as on 31st march 2013.
And I have 1 lakh cash in my saving account as on 31st march 2013.
I have no open position in FNO as on 31st march 2013.

I assume:
1. will be 90K
2. will be 0
3. will be 0
4. will be 1 lakh

Please correct me if I am wrong?

Scenario2:
Suppose I have 90K in my trading account as on 31st march 2013.
And I have 1 lakh cash in my saving account as on 31st march 2013.
I have sold an option contract on 29th March 2013 and collected a premium of 5k. This position is still open as on 31 march 2013.

I assume:
1. will be 90K
2. will be 0
3. will be 5k
4. will be 1 lakh

Please correct me if I am wrong?

I think reply for these 2 cases will be also helpful for others who trades in FNO.

Thanks in Advance.

Regards,
Anjani

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