11/07/2026
Your broker statement may show trading value running into crores, but that’s NOT what decides your tax audit applicability.
In this video, CA Satish Borkar breaks down:
✅ How F&O turnover is actually calculated (absolute profit + loss, not contract value)
✅ How intraday turnover differs from F&O
✅ The real tax audit thresholds every trader must know
✅ Why relying on broker-reported “contract value” can lead you to the wrong conclusion
Whether you’re a salaried trader dabbling in F&O or an active intraday trader, understanding your correct turnover is the first step to knowing if a tax audit applies to you.
📞 Confused about your turnover calculation or audit applicability? ABCIPL is here to help — accurate, compliant, and on time.
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