Comment on Intro to "Q" - next generation backoffice system

Nithin Kamath commented on 15 Jul 2014, 03:09 PM

1. We haven’t updated FY 14/15 yet for tax p&L, we will do it in the next few days.
2. Checking this out
3. For Futures it is absolute sum of all realized profits, so if you have made Rs 5000 profit on Nifty July and 10000 losses in Nifty Aug, the total turnover will be 15000, whereas you have a Rs 5000 loss.
It is same way for options, but additional to this in options you need to add the total selling value of options.
4. Assume you bought Nifty Futures at 7500 on 30th May. Assume the Nifty closing price on 31th may was 7600 and on 10th June you sold it at 7700.
If you search for P&L from 1st June to 10th June.
Absolute: It will consider the buying price as 7500 and show you a profit of 200 points.
Indicative: It will consider the buying price as 7600 (the previous day closing price of 1st June) and show you a profit of 100 points.

If there was no open trade on starting date of the time period, your indicative and absolute will show the same value.

5. Yes this should be enough, you could also download the tradebook for the last year and attach it along with this.

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