Comment on Tax loss harvesting

Nithin Kamath commented on 06 Apr 2015, 12:19 PM

Ajay, for now the turnover calculation that we are following is basically an absolute sum of scrip wise profitability. So if Nifty July future you were up 1lks, and Sept future you were down 2lks, the total turnover is 3lks.
There is another school of thought which says that this should be an absolute sum of trade wise profitability and not scrip wise. So an absolute sum of profits and losses on each trade that you have undertaken. We are adding this report on tax p&L in the next few days.

Best.

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