How to calculate the turnover of option (F&O)
Amaranath (Asst.) (94 Points)
11 July 2022
CA Amaljith P J
( Chartered Accountant)
(80 Points)
Replied 11 July 2022
As per the Guidance Note issued by ICAI, the aggregate of favourable and unfavourable differences in each transaction is to be considered for turnover. Plus premium received on selling options. That is, take the difference of each transaction.(positive or negative is irrelevant). Take the total of those differences. Also, if option is sold, the premium received is also considered as turnover.
CA Rashmi Gandhi
(Chartered Accountant)
(86220 Points)
Replied 11 July 2022
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"