I am salaried person with income of 6 lacs, I had done last year trading in Intraday, Delivery, F/o
My Turn over :
- Intraday Turnover : 2 Lacs , (Profit+Loss) , Loss of 8 Lacs
- Delivery (STGC) : Above 1 cr and less than 1.5 cr, Profit of 4 Lacs
- F/O : Less Than 13 Lacs, Loss of 3 Lacs
My Questions are :-
- Is Turnover calculation (Sum of all three) ?
- Is Audit is required ?
- Is Interest which paid to broker as Margin funding interest , Can be debit from profit ?
- How Profit/Loss is calculated Sell Value-Buy Value or We can Less Brokerage, SEBI Charges, Transaction Charges, GST etc ?
- Which ITR to be filed ? We left trading in all acounts.
- We don’t want to carry/forward the loss ?