Comment on Tax loss harvesting

Ajay mittal commented on 06 Apr 2015, 10:43 AM

Hello team,
All praises to your efforts to make our life simple through q.

But I feel n FIFO Basis future turnover calculation is not correct in Tax P& L report .
My Id is RA2486.
My notional Turnover is around 78 crore for 2014-15.
And 45200 nifty futures are bought and 43800 nifty futures are sold. And report says my future turnover is 489319. It should be more than 20 lacs.
Pls check the same and if I am wrong pls tell us , with example how to calculate. Because turnover is key factor to determine whether books should be audited or not.

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