Speculation income

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1469 Points Posted on 04 September 2020
How could i calculate the turnover from speculative income, as sheet which i got for trading during the year only contains the net profit from speculative income?
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On 04 September 2020 at 07:29 Report
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This discussion clarifies how to calculate speculative income turnover, especially when your trading statement only shows net profit. It's advised to obtain a detailed statement from your broker that includes purchase and selling prices for each trade. To determine turnover for ITR-3, you need to sum the sale value of all your transactions, even if you have a net loss.

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209 Points Posted on 04 September 2020
You can obtain it from your broker as mostly every broker gives statement which contains date purchase price selling price and number of shares so you can calculate it with that.
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On 04 September 2020 at 08:44
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1469 Points Posted on 04 September 2020
Should i sumup the number sale value, as i haven't got, need that for itr-3, there is loss - 4000?
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On 04 September 2020 at 08:49
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209 Points Posted on 04 September 2020
Yes for finding the turnover you have to add the sale value of all the transactions
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On 04 September 2020 at 08:57

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