Comment on Classifying Your Market Activity

Rohit Jain commented on 07 Jan 2018, 08:02 AM

Hi Nithin

First of all many many congrats for starting such a visionary company “Zerodha”. You have changed the way trading is done and seen. So, many congrats for that.

I am salaried person, I have around 5k profit in short term equity, -22k loss in intraday and -6k loss in F&O.
(i) Could I set off the gain in short term equity with loss in intraday
(ii) or i will have to pay 15% STCG tax on profit in short term equity
(iii) turnover include turnover of short term equity + F&O + intraday or it is individual turnover and if we fulfil the condition of > 1cr or < 1 cr + < 8% profit, then we have to get three forms audited from CA.
(iv) Could I use ITR1 while filing ITR or I have to use ITR3 only.

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