Turnover for the purpose of Tax audit = Rs. 50,000 + Rs. 10,000 = Rs. 60,000; Nature of Income in case of Delivery Based Transactions. If the transactions in share market are entered into for the purpose of Investment – the gains arising on such transactions would be treated as Capital Gains. However, if the transactions are entered into as a Business transaction – the income arising on sale would be treated as Income from Business/Profession. Share turnover is an expression of stock liquidity calculated by determining how many times shares turn over during a given trading period, commonly a year. When this measure is high, it indicates that trading is robust and stocks are highly liquid. Turnover ratios that are used widely are inventory turnover ratio, asset turnover ratio, sales turnover, accounts receivable and accounts payable ratio. Meaning: Revenue is the total value of goods or services sold by the business. Turnover is the income that a firm generates through trading goods and services. Importance Turnover rate Measures trading activity during a particular period. Portfolios with high turnover rates incur higher transaction costs and are more likely to distribute capital gains , which are
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I am dealing in F & O. How can I calculate my turnover from trading business in F& O? Answer Turnover is calculated by aggregating the absolute sum of settle-ment profits & losses for F&O per scrip. For instance, in the following trading statement, your turnover will be Rs 2,12,163.82 i.e. absolute value of your Profit/(loss) per scrip. 6 13
8 Sep 2016 An audit is required if you have a business income and if your business turnover is more than Rs 2 crores (was Rs 1 crore until FY 16/17) for the But remember that the above calculation of turnover for delivery trades is only applicable if you are declaring equity delivery based trades also as a business 15 Jul 2019 Audit under section 44AB is required when turnover exceeds Rs. 1 crore. But in case of speculation business, shares trading and
The benefit is you can deduct your trading related expenses from the gain. Suppose you made a profit of Rs 1,00,000 from equity trading and you fall into 20% tax bracket so you need to pay 20% of 1,00,000 as tax. However, this tax outgo can be reduced by showing related expenses or by adjusting loss from share trading.