Speculative Profit in Tax PnL

Taxation
1

Hello

Could you please let me know if the Intraday/speculative Profit shown in TaxPnL is excluding brokerages and other charges or should I deduct brokerages and other charges for each line in the excel sheet?

2

Hi @ks_Prasad

Yes. Realized profit is a gross profit figure and you have to deduct brokerage and other charges before arriving at the final net profit figure for your ITR purpose

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3

Thanks Meher for the response.This means I will have to calculate net profit line by line.Am I right?Or is there any other way that I can follow to calculate this quickly

4

It depends on how you or your CA/Tax consultant want to file the returns.

If you want to file using the consolidated numbers to arrive at the final number, you can check the consolidated figure in your Tax P&L and use those numbers (charges etc)

If you want to do it trade wise, you need to add each column and row and combine the total.

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