Futures and options Turnover

Indira (CA ) (1379 Points)

24 August 2022  

Hi

 

For calculation of  F&O turnover, ICAI has given a new guidance note which says

Premium received on sale of options is also to be included in turnover. However, where the premium received is included for determining net profit for transactions, the same should not be separately included.

My question is we would be considering the premium received/sale value for net profit from F & O calculation. Can anyone please clarify the same.

 

Thanks

Indira K V