Intraday trading on shares
This query is : Resolved
24 April 2025
Experts
how to calculate turnover for intraday trading
is it calculated per trade wise per day
or
sum of all buy and sell per day resulting profit or loss
pl advise us
how to calculate turnover for intraday trading
is it calculated per trade wise per day
or
sum of all buy and sell per day resulting profit or loss
pl advise us
24 April 2025
Turnover for Intraday Trading = Absolute amounts of Profit/Losses
Absolute turnover means the sum total of positive and negative differences (the loss amount will not be deducted but added to the profit amount). Trading Turnover can be calculated either as a scrip-wise or a trade-wise method.
Example of trading turnover
Ektha buys 100 shares of ITC at ₹75. She sells them at the end of the day at ₹80. On the next day, she buys 200 shares of Paytm at ₹500, which she sells at ₹460 at the end of the day.
Profit from 1st Trade = (80-75) * 100 = ₹ 500
Loss from 2nd Trade = (460-500) * 200 = ₹ -8,000
Absolute Turnover = 500+8,000 = ₹ 8,500
Refer :: https://cleartax.in/s/income-tax-on-intraday-trading
Absolute turnover means the sum total of positive and negative differences (the loss amount will not be deducted but added to the profit amount). Trading Turnover can be calculated either as a scrip-wise or a trade-wise method.
Example of trading turnover
Ektha buys 100 shares of ITC at ₹75. She sells them at the end of the day at ₹80. On the next day, she buys 200 shares of Paytm at ₹500, which she sells at ₹460 at the end of the day.
Profit from 1st Trade = (80-75) * 100 = ₹ 500
Loss from 2nd Trade = (460-500) * 200 = ₹ -8,000
Absolute Turnover = 500+8,000 = ₹ 8,500
Refer :: https://cleartax.in/s/income-tax-on-intraday-trading
24 April 2025
Respected sir
thanks for the details
Shall we take into account profit or loss per day or trade wise per day
kindly advise us
thanks for the details
Shall we take into account profit or loss per day or trade wise per day
kindly advise us
24 April 2025
Respected sir
thanks for the details
Shall we take into account profit or loss per day or trade wise per day
kindly advise us
thanks for the details
Shall we take into account profit or loss per day or trade wise per day
kindly advise us
24 April 2025
Generally it is calculated as per trades over a day.
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