Comment on Tradetax for income tax returns when trading
For the purpose of calculation of turnover in the case of Futures, (the difference between selling price and buying price) whether it has to be calculated for each transaction separately and added together or whether it could be for each contract. For example if there are 10 trades in Nifty April 2015 contract, whether the difference between total buy price and total sell price of all 10 contracts is to be considered or whether the difference has to be individually calculated for all the 10 trades.