How to Compute Turnover in Case of Futures & Options, Day Tradings ?

1
1987
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The computation of business turnover is very important because many provisions applies on the basis of business turnover. For example, whether a business persons can opt for presumptive scheme u/s 44AD depends on the fact if the turnover is below 1 Crore. Similarly, the burden of tax audit also depends on the quantum of turnover….

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