Turnover in case of Nifty option trading

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  1. Manish Kaintura

    Manish Kaintura New Member

    Sir
    I got notice from I. T department stating that my
    turnover is very high and according to them they have calculated like this... Suppose nifty is 8600 and call of this 8600 is Rs 50 and my bought qty is 1000..now they he are calculating 8600*1000 (qty) = 8600000 instead of multiply this 1000*50=50000. Please help me.. Thanks
     
  2. Manoj Mehra

    Manoj Mehra Active Member

    Yes, their manner of computation in this case is correct.
     
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