Intraday trading

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

25 March 2018 Dear Sir

We are doing intra day trading in stock market, can we show profit under presumptive basis under section 44AD ??

Nikhil Kaushik

Nikhil Kaushik (Expert)
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25 March 2018 yes you can show such incomes under 44AD

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Querist : Anonymous

Querist : Anonymous (Querist)

25 March 2018 Code Name Inst. Expiry Strike. C/P BF Qty BF Rate BF Value Purc Qty Purc Rate Purc Value Sale Qty Sale Rate Sale Value Over Qty Over Rate Over Value Over Reason Net Qty Net Rate Net Value Mkt.Rate Notional Booked Charges STT Net P/L Underlaying P&L
S500410 ACC Ltd OPTSTK 28/07/2016 1680 CE 0 0.000 0.00 400 33.250 13300.00 400 38.000 15200.00 0 0.000 0.00 0 0.000 0.00 0.0000 0.00 1900.00 160.77305 7.60 1731.63 0.00
S500410 ACC Ltd OPTSTK 25/08/2016 1700 CE 0 0.000 0.00 400 42.950 17180.00 400 50.150 20060.00 0 0.000 0.00 0 0.000 0.00 0.0000 0.00 2880.00 165.98865 10.03 2703.98 0.00
I have received above statement from my broker, now please tell me which figure I have to considered for turnover ie net pl value or sales value. ( I have read that in case of option premium received is also included in turnover)

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Nikhil Kaushik

Nikhil Kaushik (Expert)
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25 March 2018 for this shouldn't you consult a CA to offer you a professional advice?

Querist : Anonymous

Querist : Anonymous (Querist)

25 March 2018 sir every body is replying different

Nikhil Kaushik

Nikhil Kaushik (Expert)
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25 March 2018 for options sale value plus the absolute difference between sell and buy price. For futures, absolute value of the difference between sell and buy price.