Comment on Notice under Section 139(9)? - Possible reason

Dear Nithin,

Yourself and Zerodha team are doing a great service to trader and investor community and lot of them really appreciate it. Regarding the petition you had filed to “Exclude Business of trading in securities and derivatives from Section 44AD”, was there any progress or update from the government or authorities? It’s really important that they consider this request as all transactions in derivatives are fully digital and recorded by exchanges, and small traders should not be burdened with audit for genuine losses where transactions are directly available with exchanges.

Please consider submitting the petition again along with other interested parties as this will immensely help the small traders doing derivatives trading.

Regards
Kiran

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