Option turnover calculation in TaxPnL

[SachinSingh]

I’m noticing a discrepancy in the way the option turnover is calculated in the Tax PnL report on Console. The loss part has been added twice to the turnover, even though as per regulations, the absolute sum of the P/L is supposed to be taken for this purpose, so should be added only once.

@Quicko

hence only the absolute profit/loss figure is treated as turnover.

@siva , can this be checked? If needed, I can message my own Tax PnL as well to further clarify this.

[pavinjoseph]

This is weird, mine only showed the sum of the absolute PnL.

[SachinSingh]

Yeah, that can happen if you have zero losses, otherwise, the loss part gets added to the turnover. But what I’m noticing is that it has been added twice…

[siva]

@TheGouda

[pavinjoseph]

Not all my FnO trades resulted in a profit, some were in loss and its absolute figure was added only once to the turnover total. I manually checked.

[SachinSingh]

My bad. I misread your earlier comment.

[Private]

How do you know it added twice ?

[Ruchi_Porwal]

@SachinSingh

I’m noticing a discrepancy in the way the option turnover is calculated in the Tax PnL report on Console. The loss part has been added twice to the turnover, even though as per regulations, the absolute sum of the P/L is supposed to be taken for this purpose, so should be added only once.

Hi Sachin,

Zerodha’s tax p&l considers the absolute sum of profits and losses to calculate the turnover. Can you please DM your client ID? We’ll verify the turnover calculation and get back to you with a resolution.