Question ID :
44688
Intra day and F n O
What would be the turnover amount in case of intra-day share trading and in case of Future and Option trading
Posted by
CA. SURAJ KUMAR CHOUDHARY
on
Jul 12, 2024
Filed Under
Capital Gains
for Intra day equity trading it is - sale value of equity shares (like normal sales)
for F&O - Its total of Losses and Profits on each trade, remove negative sign of loss and add as number.
There's guidance of ICAI, you will find it in Guidance Note on Tax Audit issued by ICAI
Posted by
CA Shrawan Suthar on
Jul 13, 2024
Answer ID :
85474
Absolute figures to be considered as turnover.
Posted by
VINAY BHARGAV KUMAR G on
Jul 31, 2024