FNO Turnover

This query is : Resolved

Yogesh Wadhwani (Querist)
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15 June 2021 FNO Turnover calculation

Nifty MAY Bought Sold P/L : 25k P
Nifty MAY Sold Bought P/L : 10k L

Nifty MAY Contract Net P/L: 15k P

Nifty JUN Bought Sold P/L : 15k L
Nifty JUN Sold Bought P/L : 5k P

Nifty JUN Contract Net P/L: 10k L

So the Contractwise Turnover:
May 15k
Jun 10k
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Total: 25k
--------------

OR

a Trade wise

25k 10k 15k 50k
-----
55k
-----

Which one is correct?

Thank you.

Ganeshbabu K

Ganeshbabu K (Expert)
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15 June 2021 1)Calculating turnover trade wise is the most compliant way of determining turnover

2)For detailed understanding on turnover caluculation refer below article and understand case applicable to you

https://zerodha.com/varsity/chapter/turnover-balance-sheet-and-pl/

Yogesh Wadhwani

Yogesh Wadhwani (Querist)
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15 June 2021 As stated that at present only zerodha is providing trade wise other brokers are providing scrip wise, can one calculate scrip wise also for taxation purpose?

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