Comment on Taxation Simplified

Nithin Kamath commented on 11 Aug 2013, 02:14 AM

Chella,

F&O is considered as a business, so like in any other business doesn’t matter how much your business is you have to file your returns using an ITR4 or ITR4S. The new ITR4 when you are using to file, if you try to enter a turnover and resulting profit/loss less than 8%, it will immediately show up an error if you are doing this with the no audit option.

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