Comment on Taxation for Traders - Introduction

babu commented on 24 Jun 2013, 03:08 PM

Thank you again for the reply. I am very clear about the F&O, CDS and MCX revenue and P&L Calculation.

Couple of more questions though.
1. In the Jun 24 2013, 9:50 am reply you mentioned that “The profits/losses you make from intraday trading or short term equity trading will be combined together to consider for turnover. ” and on Jun 24 2013, 7:24 pm reply you mentioned that “when doing delivery business, your entire debit and credit from the ledger is considered as turnover. So if you bought stocks for 10,000 and sold for 11000, your turnover is 21000( 10+11).” I am a bit confused here – isn’t short term equity trading also a delivery business?

2. The backoffice P&L reports for F&O, CDS and MCX are really great. But I am unable to locate a P&L report for equity. Is there any way to do that, so that I can get revenue, P&L and unsold stock cost for equity from backoffice?

3. Also some confusion about a statement in last reply (Jun 24 2013, 7:24 pm). “Turnover – expenses = Profits.”. It is not at all making sense for me. Can you help?


View the full comment thread »