Comment on Taxation Simplified
commented on
15 Jun 2013, 09:21 AM
@rogue,
Let me answer your query in 2 parts,
1. While considering P&L, yes you deduct the premium received from the open position.
2. As we have mentioned on the blog, if your open position is making a loss as on 31st march it is better to consider the loss as on that date and if your position is in profit you could show that the position is still open and you don’t consider the profit.
Going per that logic, based on the short nifty option being in profit or loss you can deduct the premium. If it is in loss then deduct as per the purchase price and if in profit then as per present price.
Hope this clarifies..