Comment on Zerodha - your tax aide while you trade

Kumar commented on 17 Aug 2015, 12:04 AM

Hi Nithin,
My salary income is less than Rs.2.5 lakhs for FY14-15. Using Tax P&L, my total business turnover across segments is approx Rs.9 lakhs and my total gross profit/(loss) is Rs.(1,90,000). Is it okay if I file ITR-4S this time – adding 8% of 9 lakhs=Rs.72000 as presumptive income, which shall now make my total income as around Rs.320000?
Kindly advise at the earliest.
Thanks in advance, and appreciate your support.

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