Selling Call / Put options

[Bhuvan]

@Quicko @vishvajit_sonagara

[Quicko]

@emperor2910

In ITR4 the turnover The F&O turnover to be shown in ITR 4 is the contract turnover or the total sum of profits and losses and premium received on sale of option. Also for the intraday the turnover is the contract turnover or the sum total of profits and losses? Clarify

Hi @emperor2910,

Contract turnover is different from trading turnover
For income tax, trading turnover is considered.
Therefore the turnover is:
Futures - Absolute profit i.e. sum total of profits and losses
Options -Absolute profit i.e. sum total of profits and losses + premium on the sale of options
Intraday - Absolute profit i.e. sum total of profits and losses

[jugador]

@Quicko
and for Option intraday also

• Absolute profit i.e. sum total of profits and losses + premium on the sale of options