The reason I posted some number was as I was expecting a detailed answer at least some round figures off course assume any possible amt for stt ,brokerage etc, and the major problem seems to be the GST, it’s everywhere Demat AMC, buyback, DP charges etc so can I remove GST from my profits? @Quicko@San78
Also regarding Intraday turnover, the number doesn’t seem odd cause it shows my net intraday P/L as -400 and Intradyday turnover as 13k, and I have definitely traded more on intraday than 13k. @ShubhS9
For STCG (Short Term Capital Gains), you can claim all trading expenses except STT (Securities Transaction Tax). Dividends received up to FY 2019-20 on shares should be reported as Exempt Income and dividends received FY 2020-21 onwards should be reported as Income from Other Sources (IFOS) in the ITR.
For Intraday Trading, trading turnover is calculated as an absolute profit. Absolute Profit is the sum of absolute values of profit or loss. Turnover is used to determine the applicability of a tax audit. However, for tax calculation, realised profit or loss is considered.