Comment on Taxation Simplified

Nithin Kamath commented on 12 Mar 2014, 10:02 PM

hmmm.. What if your net profit was 0, then would your turnover have been 0? Personally, I don’t think showing only your profit as turnover is correct. Turnover should ideally be the sum of total buy value and sell value (not the difference) in case of equity or/and sum of settlement profits and losses in case of F&O

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