Comment on Tradetax for income tax returns when trading

Kumar commented on 05 Apr 2018, 11:19 PM

Hi Nithin,
First of all I want to say, Zerodha rocks!!. Thanks for providing such a great platform.
My question. Please do reply.
I am learning FnO trading and I made a lot of trades on my mothers trading account. Details as below:
Salary Income : Not Applicable
Income from House Rent : 70,000 rupees / year.
Options Turnover : Around 1.5 crores with a small capital (under 1lakh) 🙂
Options Losses: Around 1lakh.
Is Audit needed on this account? 3lakhs is the exemption right?

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