Comment on Taxation Simplified
commented on
23 Jul 2013, 06:43 PM
Hi Nithin,
How are settlement profits/losses calculated ?
For instance if i trade DecNifty futures 5 times, making a profit of Rs 1000 each in the first 3 trades and a loss of Rs 500 in the last 2 trades, will the turn over be Rs 4000 (1000+1000+1000+500+500) or Rs 2000 (1000+1000+1000-500-500).
In the Zerodha P&L statement, I see an accumulated P&L for all transactions done related to NIFTY12DECFUT futures in the financial year and it reflects Rs 2000 as the settlement profit and loss.
Regards,
Poonam