Comment on Taxation for Traders - Introduction

Chella commented on 22 Jun 2014, 11:12 AM

Thanks for your reply. Still I am having confusion. On the other hand, please clarify whether it is all right to take it into account only the realized profit or loss during the year for taxation purposes ignoring the positions that are not closed as on 31st March (f&o contracts). I’m more convenient with this. As the positions as on 31 st March that are not closed would be carried forward next year and profit or loss would be realised in the subsequent year.

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