How to calculate my turnover for BTST trades? Should it be the sell side value or the absolute profit/loss?

This is a tricky one, you can either show the profit/loss as turnover(like you do for intraday) or else show the sell value as turnover (like in delivery). We’d advise you to show the sell value as the turnover.


The problem is if I show the turnover on the sell side value and do many trades then I will definitely become liable for a tax audit as my profits will surely be less than 8% of my turnover and I don’t want to get in the complexities of having an audit.

Sir any reasons for showing sell side value as the turnover as you recommend?