New method of option turnover calculation


This query is : Resolved 

Quick Summary
A new method for calculating option turnover has been introduced from the financial year 2022-23. This change impacts tax audit requirements, and members are seeking clarification and examples to understand the updated process. The provided link offers insights into this new, simplified calculation method.

18 November 2022 Dear Sir / Madam,

It is learnt that the method of calculation of options turnover is now changed from FY 2022-23. I request learned member to guide us on this new method of option turnover calculation for Tax audit purpose with some examples.

Thanks & regards,
Suraj

18 November 2022 See the link.
https://blog.quicko.com/change-in-turnover-calculation-for-options-traders/amp

21 November 2022 So it is now made easy .... thank you CA R Seetharaman Sir!

21 November 2022 You are welcome...
.


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