Hello,
In case of derivative market turn over is calculated as total of all profit and loss made. For ex.
5 trancation done.
10k profit
20k profit
20k loss
So totoal turnover is 50 K right ?
Suppose I turn over is 6 Lk and return is 1 Lk from derivative future trading in stock / index will have I have to pay TAX if yes how much.
Regards,
Nishit.