TAX AUDIT BALANCE SHEET FOR F&O TRADE

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  1. TC ARORA

    TC ARORA New Member

    Share trading is my only business. My CA is making over simplified balance sheet for my trading in F&O the turnover of which required tax audit. He has not shown STT, Stamp Duty, etc ( which amount to about 3.5 lac) separately under P&L and has used only one head as 'demat charges' to show all expenses together. I dont think these can be treated as demat charges, they are direct taxes which have been paid by me to the government. Please guide what are the heads to be shown in TB and P&L account for trading in F&O. Please guide at the earliest as the date of submission is 17/10 and the return is to be filed before that.
     
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