my CA told me that during audit they only take total profit +total loss as turnover........ Otherwise you will feel that you yourself are a HNI. Which is not the case
Also i am sure even with possible 20 times intraday limit............. You won't buy or sell single side 5cr worth of stocks........... Do you?
I am sure in case of delivery full payment is needed in cash or via nbfc loan account, so the actual effects are on basis of 5 cr worth, as I said 2% + - means 10 lacs profit or loss
So turnover should be counted on single side............ But only the sell side
Also i am sure even with possible 20 times intraday limit............. You won't buy or sell single side 5cr worth of stocks........... Do you?
I am sure in case of delivery full payment is needed in cash or via nbfc loan account, so the actual effects are on basis of 5 cr worth, as I said 2% + - means 10 lacs profit or loss
So turnover should be counted on single side............ But only the sell side
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