Intraday trading on shares

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This discussion clarifies how to calculate turnover for intraday trading. Turnover is determined by summing the absolute amounts of profit and loss across all trades within a day, rather than just the net profit or loss. The calculation can be done on a trade-by-trade basis or aggregated for the entire day's trading activity.

R.KANDASUBRAMANIAN

R.KANDASUBRAMANIAN (Querist)
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24 April 2025 Experts
how to calculate turnover for intraday trading
is it calculated per trade wise per day
or
sum of all buy and sell per day resulting profit or loss
pl advise us

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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24 April 2025 Turnover for Intraday Trading = Absolute amounts of Profit/Losses

Absolute turnover means the sum total of positive and negative differences (the loss amount will not be deducted but added to the profit amount). Trading Turnover can be calculated either as a scrip-wise or a trade-wise method.

Example of trading turnover
Ektha buys 100 shares of ITC at ₹75. She sells them at the end of the day at ₹80. On the next day, she buys 200 shares of Paytm at ₹500, which she sells at ₹460 at the end of the day.

Profit from 1st Trade = (80-75) * 100 = ₹ 500
Loss from 2nd Trade = (460-500) * 200 = ₹ -8,000
Absolute Turnover = 500+8,000 = ₹ 8,500
Refer :: https://cleartax.in/s/income-tax-on-intraday-trading

R.KANDASUBRAMANIAN

R.KANDASUBRAMANIAN (Querist)
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24 April 2025 Respected sir
thanks for the details
Shall we take into account profit or loss per day or trade wise per day
kindly advise us

R.KANDASUBRAMANIAN

R.KANDASUBRAMANIAN (Querist)
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24 April 2025 Respected sir
thanks for the details
Shall we take into account profit or loss per day or trade wise per day
kindly advise us

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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24 April 2025 Generally it is calculated as per trades over a day.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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28 September 2025 Good luck.....