Comment on Zerodha - your tax aide while you trade

Amit commented on 30 Nov 2016, 01:15 AM

Hi Nithin

Assume that I only trade in F&O Segment

TOTAL TURNOVER 83,527.50
8% of TURNOVER = 6682
TOTAL GROSS PROFITā‚¹5,152.50
TOTAL CHARGESā‚¹1,875.97 (STT, Brokerage, Stamp Duty etc.)
NET Profit from Trading = 3276.53
Other Business Expenses (Phone, Electricity etc) = 2000

Assume the above numbers as average monthly trading activity.

Question…

Will Audit be required in this case at the end of the year when filing ITR4?

Thanks
Amit

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