What is turnover in case of intra day trading?

This query is : Resolved

V Ishu Hegde (Querist)
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18 April 2025 In intra day trading shares 3226 shares were purchased for Rs. 1159 per share
and sold on the same day for Rs.1325 . what would be the turnover ?
how would the profit be calculated?
This the only trransaction in intraday trading in the financial year.

Dhirajlal Rambhia online

Dhirajlal Rambhia online

(Expert)
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18 April 2025 In intraday trading, turnover is the the absolute value of the profit or loss of all trades (buy and sell) executed during the day. & Profit is calculated as:

Profit=(1,325−1,159) multiply 3,226
Profit=₹535,516

Nikhil Kaushik

Nikhil Kaushik (Expert)
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20 April 2025 the absolute value of the profit or loss is the turnover for speculative activities. for this case, your profit is your turnover.

In case you have no other business activity, better to classify this is STCG.

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