Comment on Taxation for Traders - Introduction
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 ?
OR
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 ?