how to calculate the turnover in options trading?

Sir,

I have started trading in option derivative segment from this april 2017. I want to know how to calculate the turnover in options trading?

I am doing all my trading in the name of my mother(has a pan card-opened a demat account in her name only). She is a house wife of age 58.

If i need to do tax audit, any advance TDS has to be paid ??? When should i submit the tax audit for this academic year 2017-2018(it might have to be done within next 30th september 2018) ???

   How much an auditor generally charge for doing such an audit??

      Plaese, help and reply for this mail…
DPKUMAR Asked on September 16, 2017 in Taxations.
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2 Answer(s)

Dear Mr Kumar

For turnover , you can take the help of  Guidance Note by ICAI . For options its Premium paid + Settlement results as Turnover.  Do call for further information.

Regards

TaxIQ Answered on September 19, 2017.
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Dear Mr Kumar

For turnover , you can take the help of  Guidance Note by ICAI . For options its Premium paid + Settlement results as Turnover.  Do call for further information.

Regards

TaxIQ Answered on September 19, 2017.
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