How to calculate and computation in share transactions

This discussion explains how to calculate turnover and income for futures, options, and intraday share trading according to the Income Tax Act. It clarifies that for intraday and futures trading, turnover is the absolute profit, which is the sum of all positive and negative differences. For options, the premium from selling is added to the absolute profit to determine turnover. The guide also touches upon the accounting entries required for these types of share transactions.