Turnover in case of share trading
Trupti Agrawal (40 Points)
17 July 2022
which turnover shown in trading account of share trader as per income tax act or actual sales value?
Trupti Agrawal (40 Points)
17 July 2022
Yasaswi Gomes new
(Finance )
(4503 Points)
Replied 17 July 2022
1. Market turnover indicates how much trading activity took place on a given business day in the market as a whole or individual stock. 2. Turnover can be represented in two ways, traded value in rupees and traded volume in number of trades. This is it because there is no input or outputs as per the formula from IT act
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