Turnover and Audit for F&O Transactions

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  1. NIMESH

    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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