The turnover for F and O is to be taken as: The total of positive and negative differences , plus Premium received on sale of options is also to be included in turnover ,plus In respect of any reverse trades entered, the difference thereon But not the total value of contract.
Can you please explain with respect to this case how the turnover should be taken?
| FUTIDX NIFTY 26FEB2015 | |||||
| Transc date | TR TYPE | BUY | SELL | RATE | NET AMOUNT |
| 09/01/2015 | C | 200 | 8310.3 | -1662060.00 | |
| 09/01/2015 | O | 200 | 8310.3 | 1662060.00 | |
| 09/01/2015 | C | 200 | 8366.45 | -1673290.00 | |
| 12/01/2015 | O | 200 | 9409.6 | 1881920.00 | |
| 22/01/2015 | C | 200 | 8409.6 | -1681920.00 | |
| 22/01/2015 | O | 200 | 8366.7 | 1673340.00 | |
| 22/01/2015 | C | 200 | 7366.7 | -1473340.00 | |
| 22/01/2015 | O | 200 | 8358.05 | 1671610.00 | |
| 28/01/2015 | C | 200 | 8559.55 | -1711910.00 | |
| 26/02/2015 | O | 200 | 8559.55 | 1711910.00 | |
| Net profit/loss | 398320.00 | ||||
This is just for one month. should the turnover be 398320/-?
Bec if i take all the + and - figures for each date, it will cross 1 crore.
CAclubindia
