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.
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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?