I need clarification for the below trade
01-08-2022 bought ABC share 250 numbers at 2,320 per share
01-08-2022 sold ABC share 2300 strike August call option Rs 130 per share (one lot of 250 shares)
31-08-2022 ABC share price was 2350 as the call is ITM, stock delivered at 2300
Can you please see the below explanation of turnover will be calculated for the option sold for Rs 130 (250 in a lot) is correct
If I am declaring option profits under 44AD, can I declare 32,500 as turnover and declare 6% of profit ? (There will be other option trades turnover also, as the total turnover over is below 5 cr )
For the equity delivery, as it is STCC, can I show the difference (2320-2300)*250 = 5000 plus brokerage/STT as Short term capital loss. Say, 5000+ 2000 (brokerage plus STT) total 7000 short term capital loss
Please confirm the treatment of option profit and delivery loss is as per the regulations. Thank you in advance for your support.