I trade USDINR currency pair with few thousand rupees and now want to increase my capital to lakhs. With few thousands rupees my trading turnover is in more than 10-20lacs since I pull many short trades in a trade. If I do the same with more capital my turnover will be in 100s of crore. I am worried about IT filing. Can anyone share their view on how to file IT if the trading turnover is in 100s of crores?
How are you calculating the trading turnover here?
As far as I know the tax by IT is charged on profits from the trade. Tax on turnover is automatically charged at the End of Day by zerodha https://zerodha.com/brokerage-calculator
Please check the screen shot.
I don’t see any screenshot here.
sorry, check the above response now.
Oh, turnover for tax auditing is calculated a little differently.
Written by Nithin in the article below, turnover for future and options(Non-speculative trades). Read that bit
Thank you for your response 
Thank you! I will go through the Taxation module.
Just to confirm as per above mentioned points my turnover will be either the profit or loss from the trade? Correct me if I am wrong.