Comment on Taxation Simplified
commented on
24 Jul 2013, 01:07 PM
Dear team,
Kindly suggest the right way of filling the P&L in ‘no account case’ with:
Two F&O trades: Profit of 60000 in one and loss of 80000 in the other
Understand that the turnover becomes 140000, and loss of 20000
Can you please guide me in filling 51a, 51b and 51c i.e. Gross receipts, gross profit and expense? Understand that 51b doesnt take negative values, and 51c would include brokerages.