Comment on Zerodha - your tax aide while you trade

Rohit commented on 08 Aug 2015, 06:50 PM

I traded in FY 2014-15 in F&O and commodity and my F&O turnover is 639746 and Total profit 466 Total charges 3056 , So my net loss in F&O is 2590. in commodity Total turnover 10200 Total realized profit -4200.Total charges 1393 So net loss in commodity is 5593. AND IN TOTAL MY TURNOVER IS 649946 AND NET LOSS IS Rs. 8183. (as per TAX P&L sheet provided by zerodha.)
I don’t have any other income except some saving bank interest (lesser than Rs. 500).
I have never filled ITR before. Kindly tell me.
1. Is it must to file ITR for me ( as my total income is less than 2.5 lakh) ?
2. if Yes . than can I choose ITR 4s or I must go for ITR4 ?
some where I read that For ITR 4, audit is must. but some says if total income is less than 2.5 Lakh audit is not required.

Kindly clarify

View the full comment thread »