attached is the screenshot of a todays sale of option which i bought in the previous day. i let the contract to expire because of zero money so no other charges only this sale.
tally doesn’t allow both accounts to be zero. i need to make the entry because stock must be reduced. any solution?
Hi @Raj_Thom
Quicko is a DIY tax planning and filing platform.
We will be able to help you with all your tax-related queries.
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there are two methods for recording options entry:
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If you are holding /carrying options then you have to book daily Profit/Loss from the statement generated by the broker. Becasue every day there is profit /Loss entry appears in the statement.
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if you are settled your options trade as intraday , then you have to record profit/ Loss on the day.
in both cases only profit loss will be booked and report will be prepared. There is no requirement of passing entries with Quantity in options /Future trade.