March 19, 2022, 4:51am
As you might be aware, all FnO transaction comes under STCG and it requires to be audited depending on total turnover. How turnover shall be calculated for FnO is explained here in detail
Everything an F&O trader should know about return filing
Unnecessary auditing of transactions would add into the hefty charges to FnO trader which must be avoided if the necessary relevant report is provided by the broker.
When can we expect such FnO Turnover report?
This is very much required. Please see how Zerodha is doing it in a very seamless process where the turnover is calculated as per Income Tax Act.
The report has all the required details is required as per IT Act.
Thanks for sharing this
@amit, while we have just shipped the first version of statements & reports on Dhan, we will keep improving it to give you a seamless experience.