Calculate Turnover of Share Trading, ITR, Is Audit Required

Taxation
1

Hi

I am Salaried person with Income of 5 Lacs, and i had do intraday, Short Term(Delivery ), F/O.
I had work last year only and i had left the trading and my last year turnover were:-

Turnover :-
Intraday : Around 2 Lacs
Short Term(Delivery based ) : Above 1 Cr
F/O : 10,000

My Questions are :-

  1. Is Turnover Total is Sum of all three ?
  2. Is Audit is required ?
  3. Which ITR will be submitted?
  4. if Interest paid to broker as margin funding , can we less from profit from short term gain ?
  5. What are things we can less from profit i.e brokerage, GST on Brokerage, Stamp Duty, STT, SEBI , Transaction Charges, and GST on these ?

I had left the trading

2

Hi

I am salaried person with income of 6 lacs, I had done last year trading in Intraday, Delivery, F/o

My Turn over :

  1. Intraday Turnover : 2 Lacs , (Profit+Loss) , Loss of 8 Lacs
  2. Delivery (STGC) : Above 1 cr and less than 1.5 cr, Profit of 4 Lacs
  3. F/O : Less Than 13 Lacs, Loss of 3 Lacs

My Questions are :-

  1. Is Turnover calculation (Sum of all three) ?
  2. Is Audit is required ?
  3. Is Interest which paid to broker as Margin funding interest , Can be debit from profit ?
  4. How Profit/Loss is calculated Sell Value-Buy Value or We can Less Brokerage, SEBI Charges, Transaction Charges, GST etc ?
  5. Which ITR to be filed ? We left trading in all acounts.
  6. We don’t want to carry/forward the loss ?
3

Audit is required if turnover is more than 1cr

4

STCG turnover is not added to turnover as its classified under different head. If you classify as a trader then sale value of equity is taken as turnover

5

No , i am salaried person , i don’t want classify as trader, please tell us where this is mention , that this turnover not included.

Which ITR had to filed ?