F&O Income in ITR: How to Calculate Turnover, Expenses, and Taxable Profit
If you trade in Futures & Options (F&O), you’ve probably heard the term “Turnover” thrown around when filing your ITR. Here’s the problem: turnover in F&O has nothing to do with the “Sales” figure you see in your broker’s report. And unlike a shopkeeper, you don’t need to prepare a Trading Account.In this article, we’ll … Read more