Comment on Classifying Your Market Activity

Nithin Kamath commented on 09 Jul 2018, 01:54 PM

1. Yes
2. Audit starts at around 5 to 10k.
3. Like I have mentioned earlier, since your turnover is low for intraday, maybe you can show 6% of turnover as profits (instead of loss) and avoid audit. Do speak to a CA about this. On this 6% of profits, you will need to pay some tax though.

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