Turnover and Audit for F&O Transactions

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    NIMESH New Member

    How to calculate tax and turnover for the fno and audit require ment for fno
  2. Neha Sharma

    Neha Sharma Active Member

    For computing the turnover in F&O, the contract value would not be considered and only the profit/ loss would be considered.

    For eg: The client gets a profit of Rs. 100 from one transaction and a loss of Rs. 50 from another transaction. The turnover in this case would be Rs. 100 + Rs. 50 = Rs. 150
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