K as per FIFO How will we pair a buy and sell order to calculate profit/loss per pair when you have 5 buy orders of 100 followed by 10 sell orders of 50 each.
here netted we have 500 buy /500 sell.
here netted we have 500 buy /500 sell.
We have to do it using FIFO ( First In First Out method) . The question is not what is better....the question is what method the IT cannot dispute...and it is calculation of tradewise profit/loss and adding to get turnover.
Zerodha's calculation is beneficial to us but neither IT dept nor ICAI has accepted that. We are just interpreting and hoping that all is well....
I have seen few traders doing it with Excel sheet tradewise but it is too cumbersome...software programme will do it fast.
Smart_trade
Zerodha's calculation is beneficial to us but neither IT dept nor ICAI has accepted that. We are just interpreting and hoping that all is well....
I have seen few traders doing it with Excel sheet tradewise but it is too cumbersome...software programme will do it fast.
Smart_trade