turnover in case of intra day transaction in shares

This query is : Resolved

benedict (Querist)
Follow

19 August 2008 Dear Sir,
How to determine TURNOVER in case of intra day transaction (speculation)in shares.
what is the turnover in the following illustration :
1-8-08 Loss 5000
2-8-08 Profit 1000
4-5-08 Loss 2000
5-5-08 Profit 3000
whether Turnover is :-
i) (+) 4000 (i.e. only profit)
ii) (-) 3000 ( i.e. profit less loss )
iii)11,000 (i.e. total of all profits and
losses)

CA RAMESH KUMAR AHUJA

CA RAMESH KUMAR AHUJA (Expert)
Follow

20 August 2008 The turnover in the given case will be Rs. 11000/-. The turnover from Jobbing or Derivative trading is determined by taking the sum of profits and losses.