Comment on Taxation for Traders - Introduction

P. S AGRAWAL commented on 29 Jul 2016, 06:16 PM

Has reply to this query been sent ?
I am also keen to know .
In case of loss in FNO , the totalloss is to be shown the cost of purchase and profit is to be shown as sale value ?

The the profit in FNO is to be shown as cost of of purchase and loss is to be as sale value in negative e. g.

sale value – – 10 lac
purchase value + 5 lac

Loss = 5 lacs

Is it correct ?

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