F&O taxation in case of ITR4 & ITR3

Whether revenue shown in balance sheet or turnover shown in presumptive income are same in F&O trading? In both the cases we have to take it in absolute terms?

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Hi @purvesh_jain

For F&O trading, the turnover is calculated on absolute profit & loss. Whereas for presumptive, turnover is your sales/receipts. Here’s a read about Trading Turnover Calculation for Trading Income - Learn by Quicko for your reference.