EMARGIN TRADING TURNOVER iIN SHARES TRADING

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sumit jain (Querist)
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20 October 2016 Dear sir, my query is about how to calculate turnover in shares trading done in EMARGIN i.e buying today in margin and sold in later date after 5 days. so it is a long term or short term or day trading. for ex. I have bought a x shares 1000nos by paying just 40000 as margin and rest of the amount will be paid by the broker, and sold after 5days with a profit of 5000. in this case what is my turnover. Is it the sale value or aggregate of profit and loss.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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20 October 2016 Here your turnover will be sale value. It will not come under derivative trading.

sumit jain

sumit jain (Querist)
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20 October 2016 sir but i am only paying 10-20%as margin for buying a particular stock, if I take the sale side value then it will reach in crores but actually I am paying only 10-20lakhs as margin and earning profit and loss.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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20 October 2016 Check the transaction entered in your demat ac or not, if entered your turnover will be sale value. In case not entered in demat ac then profit and loss will be the turnover.

sale value will be

sumit jain

sumit jain (Querist)
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21 October 2016 ok sir my doubts is clear, EMARGIN transaction does not credit to demat, all the transaction are donw without entering into demat, so I need to take profit&loss as turnover

sumit jain

sumit jain (Querist)
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21 October 2016 thanks sir

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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21 October 2016 You are welcome.......................

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