Tax is applicable for profit or margin?

Taxation
1

Hi friends,
I have a doubt in taxation on stocks and derivatives.

  1. If I sell less premium OTM option for 10rs, then the margin requirements is appx 1.4L. after expiry I will get 10*75 rs and my margin amout.
    Will I get tax for profit 750rs or total transaction 1.4L?

  2. In stock if I am buying 10x leverage stocks for 1000rs, then I am getting sms for total transaction value as 10+10= 20k of the day. So what is the amount consider here for tax? 20k or if any profit comming from the?

Thanks in advance

2

Income tax is always paid on profits, not on volumes.

3

Thank you