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Protit from derivative

ITR Filing 403 views 2 replies
I have one doubt. sum of positive and negative diffrence of future trades is the turnover. Shouldn't we subtract twice the amount of losses to correctly arrive at GP, because while originally calculating the turnover, we had removed the minus sign on losses. Example: Trade 1: -5,000 Trade 2: +10,000 Trade 3: -2,000 Thus turnover = 17,000. GP is really 3,000. To arrive at GP correctly, we need to calculate: 17,000 - 2*(5,000+2,000).
Replies (2)

Hi Ritesh

 

Your turnover is 17k (10+5+2). Your Profit is simply - 10k-5k-2k = 3k

 

Regards

Ajinkya

Yes but how to show this in trading account coz 17 -5-2 will give profit as 10k


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