Comment on Taxation Simplified
commented on
31 Jan 2013, 01:11 PM
Hi HBM,
By turnover we mean the settlement profits/losses. So for eg if you bought 10 lots at 6000 and sold 10 lots at 6100, your settlement profit for this is Rs 50000 ( 100 * 500(10 lots) ) .. All such settlement profits + settlement losses will add up together to form your turnover..
Hope this clarifies.