## Comment on Taxation for Traders - Introduction

Dear Nithin,

My email is going to be long.I request ypu to be patient.

1. How do I calculate FO turnover? If I have understood correctly the net payment and receipts have to added up. One day I incurr a loss of Rs60000 and on another day I incur a profit of Rs50000, is my turnover is 110000 or -10000. If I have understood correctly my turnover is -10000.

2. During 2014-15 I have incurred a FO loss of about Rs 5 lacs, which is the turnover for that year. How can show a negative turnover in ITR4?

Is it possible to talk with you?