Tax on F&O income & Turnover of the same

#1

I trade options on regular basis. My options turnover may come out over 2cr.
Will i be taxed on my Net profit after all the tax deductions or it has something to do with the turnover.
Please guide.

#2

Of course on your profits. :slight_smile: Turnover is only to figure audit requirement. Check this module.

#3

thank u so much