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FNO Turnover

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(Querist)
15 June 2021 FNO Turnover calculation

Nifty MAY Bought Sold P/L : 25k P
Nifty MAY Sold Bought P/L : 10k L

Nifty MAY Contract Net P/L: 15k P

Nifty JUN Bought Sold P/L : 15k L
Nifty JUN Sold Bought P/L : 5k P

Nifty JUN Contract Net P/L: 10k L

So the Contractwise Turnover:
May 15k
Jun 10k
--------------
Total: 25k
--------------

OR

a Trade wise

25k 10k 15k 50k
-----
55k
-----

Which one is correct?

Thank you.
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Ganeshbabu K

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Ganeshbabu K (Expert)
15 June 2021 1)Calculating turnover trade wise is the most compliant way of determining turnover

2)For detailed understanding on turnover caluculation refer below article and understand case applicable to you

https://zerodha.com/varsity/chapter/turnover-balance-sheet-and-pl/
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Yogesh Wadhwani

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Yogesh Wadhwani (Querist)
15 June 2021 As stated that at present only zerodha is providing trade wise other brokers are providing scrip wise, can one calculate scrip wise also for taxation purpose?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
24 September 2021 Yes, though its bit lengthier process.
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