@ Zerodha,
In your backoffice Q, the tax turnover for is calculated in the following way:
Example: I buy 75 Nifty CE @ 100 & sell @ 105, so my profit would be 375. Now for options turnover is calculated as sum of settlement profits & losses and the sell side value of option contracts. So it becomes 105*75+375= 8250.
Don't you think it's weird way of calculating turnover? where the turnover should be "absolute sum of settlement profits & losses" in case of options why the sell side value is being added? If this is how govt wants to calculate turnover on option trading, then god save scalpers. Even any small scalper would then need tax audit as per section 44AB.