Comment on Taxation for Traders - Introduction

Hi,

1. Different ways to calculate turnover. Check chapter 6 in this module: http://zerodha.com/varsity/module/markets-and-taxation/

In your example, the turnover would be Rs 1.1 lks. Absolute sum of all profits and losses. Profits and losses could be scripwise or tradewise. Explained in the module.

2. Turnover can never be negative. Do read up the module, explained in detail. If any queries, do post it on Varsity itself.

Best,

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