Kindly help me understand how is FUT trades Turnover calculated ? It says ABSOLUTE PROFIT for futures and ABSOLUTE PROFIT + PREMIUM in case of options.
@pavz We compute Turnover as per SEBI’s Guidelines which is sum of buy value and sell value. For instance, check your EQ Segment’s TO and SEBI TO Charges (SEBI TO Charges are Rs. 10 per crore and it matches with the TO). However, as per ICAI Guidelines, TO is to be computed in a different way as you suggested. We are currently building that, would be out in the next release.
Ok Thanks @iamshrimohan will wait for the final fixed one . This time will go ahead with QUicko /Cleartax for this year . Also one more doubt , if Turnover crosses 10 Cr , since audit is required the last date to file would be July 31St or Sep 31st.