What Is Turnover In F&O?

Turnover in F&O trading is the total value of transactions including profit, loss, premiums from options, and price differences in futures contracts.

F&O Turnover Example

Turnover in F&O trading is the total value of transactions including profit, loss, premiums from options, and price differences in futures contracts.

F&O Tax calculations

F&O tax calculation treats gains or losses as business income. The turnover includes profits, losses, options premiums & futures differences. This decides tax audit applicability.

Tax Audit Requirements For F&O Loss

F&O loss mandates a tax audit if turnover exceeds Rs. 1 crore or profit is less than 6% of turnover with income exceeding the exemption limit.