Comment on Business Line: Read Section 44AD when filing return

RainMaker commented on 31 Jul 2013, 11:53 AM

Thanks for responding gone thru the given link, please tell me if my following understanding is correct:

Nifty Future Aug series I buy one lot every day and sell (square off) one lot same day and repeat the same for the next 25 trading days and at the end of month make no profit / loss in Aug series, net receivable / payable is zero Is my turnover Zero

Each contract series will be treated separtely.

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