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Urgent Share and Derivatives Trading

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 May 2010 How to Calculate Profit and turnover in case of derivatives ???
Please explain with an example or Global Sheet issued by the broker.
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CA Shiv

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CA Shiv (Expert)
25 May 2010 take the total of favorable and unfavorable conditions of the derivatives...
e.g

Calculate scriptwise profit and loss, than:
Loss: 10 lacs
Profit: 15 lacs

Total: profit: 5 lacs
Total turnover: 25 Lacs ( for purpose of tax audit)

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