Comment on Tradetax for income tax returns when trading
commented on
10 Nov 2016, 11:05 PM
Do go through this module: http://zerodha.com/varsity/module/markets-and-taxation/. If income less than 2.5lks and turnover < 2 crores no audit required. If turnover more than 2 crores for the year, then audit required. (until last FY, this limit was 1 crore). Do read the module to know who exactly to calculate turnover.