New method of option turnover calculation

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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.

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(Querist)
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
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
18 November 2022 See the link.
https://blog.quicko.com/change-in-turnover-calculation-for-options-traders/amp
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Suraj

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Suraj (Querist)
21 November 2022 So it is now made easy .... thank you CA R Seetharaman Sir!
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
21 November 2022 You are welcome...
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