What is turnover in case of intra day trading?
This query is : Resolved
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.
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.
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
Profit=(1,325−1,159) multiply 3,226
Profit=₹535,516
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.
In case you have no other business activity, better to classify this is STCG.
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