Comment on Notice under Section 139(9)? - Possible reason

Nithin Kamath commented on 11 Jun 2013, 10:26 AM


How we would calculate is nifty future, you would have probably traded different expiry of the same contract.

So Nifty Jan, there would be a net buy and net sell value, this difference would be the settlement turnover…

Like this add all the various Nifty future expiry contract and this would add to your total nifty future net turnover.

For example for nifty jan you are +10000, Nifty Feb -5000 , now your total turnover is 15000 and all such turnovers together will be nifty net turnover.

You have to apply same rule for different option contracts, etc… You can pull the PL report from the Zerodha Backoffice, will give you the turnover.. At the bottom you will see Net receivable and net payable, add both these values, should give you turnover…

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