Comment on Zerodha - your tax aide while you trade

Sumit12 commented on 18 Jun 2015, 11:45 AM

Hi Nithin,

I am an active trader, trading intraday equity as an individual for now. I need to understand about advance tax that need to be paid to IT dept. during September, December and finally March.

1. Does a trader need to pay advance tax and if yes how is taxable income accounted for each payment period?
2. You said that if profit is 8% of the turnover?

Regds,
Sumit

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