Intraday trading on shares
This query is : Resolved
Quick Summary
R.KANDASUBRAMANIAN
(Querist)
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
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
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
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
(Querist)
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
thanks for the details
Shall we take into account profit or loss per day or trade wise per day
kindly advise us
R.KANDASUBRAMANIAN
(Querist)
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
thanks for the details
Shall we take into account profit or loss per day or trade wise per day
kindly advise us
24 April 2025
Generally it is calculated as per trades over a day.
28 September 2025
Good luck.....
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
