Comment on Taxation for Traders - Introduction
commented on
26 Apr 2015, 02:42 PM
Murali, Suggest you to read this post: http://zerodha.com/z-connect/traders-zone/taxation-for-traders/taxation-simplified.
You are supposed to file your Income tax returns using ITR4. You add all your profits to you salary + any other income, you pay tax according to individual tax slabs for the total income. But since you show your trading as a business, you can also show all the related expenses. All your queries will be answered on the other post I have mentioned above.