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

Answer ID : 85461

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

Answer ID : 85474

Absolute figures to be considered as turnover.

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