Comment on Zerodha Email- Taxation

Javed commented on 02 Feb 2013, 08:12 AM

Hi, Nitin,
Thanks for the initiative on taxation. I just want a clarification on profit/loss, suppose in Intra Day trading of commodities futures If I make 10 trades in a day, out of that 6 trades are profitable and rest of the trades are of loss Net profit of Rs 2000 after adjusting loss of Rs 1000 on the same day, my profit for the day for taxation purpose will be considered as Rs 2000 or Rs 1000 (i.e. 2000 – 1000).

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