Comment on Zerodha - your tax aide while you trade
Kunal, I am guessing you made F&O profit of Rs 1.5lks.
If you are going to consider even if your equity trading as a business: your net trading loss is Rs 1lk (1.5-2lks), and this can be carry forward to the next 8 years and setoff against future gains. You have to pay taxes on your salary of Rs 4.5lks.
If you are going to consider your equity as investments you can’t netoff the loss against F&O profits. So you will have to pay taxes on Rs 4.5lks + Rs 1.5lks
Check this post, all details you need is here.