Comment on Zerodha - your tax aide while you trade

marimuthu commented on 22 Apr 2017, 11:33 AM

Hi,

I have first time started trading in zeodha 2016, my total turnover 48000Rs.
Penalty for not auditing account under 44AB is 0.5% of total turnover or 1.5lakhs which ever is less than.

I have discussed with some CA they have asked around 8-12k for auditing and filing ITR4. As per penalty for not auditing in my case is Rs.244 only.

Should i pay penalty or go with CA for auditing, Please advice me?

My total salary is 4.5Lakh for FY2016-17.

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