Comment on Taxation Simplified

Smart,

1. Presently the equity reports won’t differentiate between delivery and intraday, we are working on this. You would have to presently manually show which is intraday and which is delivery.
While trading delivery , the credit and debit adds upto turnover and not the settlement profit and loss and hence the equity report shows that as turnover.

2. As mentioned above, in case of equity delivery based trades the money gets debited from your trading account and then gets credited, so you need to consider this as turnover. In all the other cases, money stays in your account and margin blocked and hence only settlement profit+settlement loss adds to turnover.

Cheers,

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