Question ID :
40411
Profit & Loss Account in case of F&O Trading Income
Facing problem while preparing P&L account for the F&O Trader under tax audit.
The turnover, in this case, is Profits + Losses + Premium on options if any.
So if this is the turnover, then how to get to the net profit/loss in the P&L account? What will be the value taken for the purchase?
posted by
Hunny Badlani
on
Sep 28 2019 12:00AM