Dear Zerodha team and other esteemed members,
Kindly advise on the changes on options turnover calculation from tomorrow. Will it impact the tax audit calculations as well?
Appreciate your time,
Regards,
Dear Zerodha team and other esteemed members,
Kindly advise on the changes on options turnover calculation from tomorrow. Will it impact the tax audit calculations as well?
Appreciate your time,
Regards,
Hi @sandepca,
For Tax Audit purpose, Options turnover considers Absolute Profit + Premium on Sale of Options. Hence Quicko will consider the same while providing tax audit eligibility.
For more clarity you can refer the following article:
Calculation of Trading Turnover under Income Tax Act
Hope this helps! For any further questions feel free to connect with us at Quicko, we’ll be happy to help!