Comment on Chrome extensions for Kite and pulse
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11 Oct 2016, 07:20 PM
Even if no income in trading, it makes sense to file appropriate ITR (ITR4 for business/rental incomes). More than one benefits – You compile your trading log in one place, useful for analysis and improvements. More importantly, if you file returns and declare the actual loss of business, you can adjust it in profits for next 4 years. If you don’t file returns now, and make profits next year, then next year you will have to pay income tax, which can be adjusted against losses made in last few years. I am sure Zerodha varsity has details on this topic, Do read