Turnover in intraday trading

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673 Points Posted on 17 September 2022
my client bOught 10 shares of W @ 6823 and sold @ 6857
and bought 5 shares of W @ 6824
and sold @ 6825
what is turnover
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On 17 September 2022 at 13:40 Report
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Quick Summary
This discussion clarifies how to calculate turnover for intraday trading. Turnover is defined as the total sale value of all your intraday trades. Profits from intraday trading are considered speculative income and can be declared under specific ITR forms like ITR-2 or ITR-3.

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CFO- at NHTF
58280 Points Posted on 17 September 2022
Equity intraday Trading comes under speculative business..You can directly enter the profit figure in speculative income
.

Coming to turnover, it will be sale value
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On 17 September 2022 at 14:34
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Profession Business
28246 Points Posted on 18 September 2022
Turnover in intraday and profit from intraday trading can be filed under itr 2.
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On 18 September 2022 at 07:56
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CFO- at NHTF
58280 Points Posted on 18 September 2022
Question is how much is turnover..

Intraday trading is covered under speculative and ITR-3 is applicable
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On 18 September 2022 at 09:12

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