Comment on Taxation for Traders - Introduction

eswar commented on 04 Sep 2015, 07:27 PM

i just invested 50000 in futures ….daily i am doing no.of trades like 30 to 50 trades..SBI future….
how to calculate turnover in this situation… contract value (1000*sbi share value) or invested amount (50000)? in tax returns…
it is enough to show that 50000 in IT returns?
plz explain me…
if i do no.of trades is there any problem? if so how to over come it?

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