Comment on Taxation Simplified

Abrar commented on 10 Oct 2013, 12:59 PM

Suppose I trade in Oct nifty futures 2013 contract, say I have traded 4 times in it on different dates
trade 1 profit 1000 (1 oct 2013)
trade 2 profit 500 (3 oct 2013)
trade 3 loss 500 (4 oct 2013)
trade 4 loss 500 (4 oct 2013)

So my turnover is a) 1000+500+500+500
or b) net settlement of the contract which is 500?

View the full comment thread »