Comment on Business Line: Read Section 44AD when filing return

Sarvottam commented on 31 Jul 2013, 11:42 AM

Dear Sir,

First of all, I thank you for your great service. First, as an excellent broker and secondly for this informative blog. My query is as follows:

My F&O turnover is less than 1 crore when I calculate as per your definition using Zerodha Backoffice P&L Report. and my profit is more than 8%. So, as I understand that I need not get my account audited and due date for tax-filing for me would be 31st July 2013 (now 5th August after extension). But may I still choose to get my account audited and in that case, will due date for me would be 30th September?
Since I am trading F&O, am I liable to maintain accounts as per section 44AA?


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