Comment on Zerodha - your tax aide while you trade
commented on
29 Sep 2016, 07:39 PM
Venkata, first mistake is that derivative income is considered business income, needs to be shown as that on ITR4. Have explained everything in detail here: http://zerodha.com/varsity/module/markets-and-taxation/. As long as you haven’t evaded paying taxes, you are okay, show to the ITO when you meet that you didn’t hide paying any taxes. For this year, yeah make sure to use ITR4.