FNO Turnover
This query is : Resolved
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.
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.
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/
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/
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?
24 September 2021
Yes, though its bit lengthier process.
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