Comment on Zerodha - your tax aide while you trade

Nithin Kamath commented on 26 Aug 2015, 11:18 PM

You cannot use ITR4S as you have intraday equity or speculative business income. Check the chapter on ITR forms here: http://zerodha.com/varsity/module/markets-and-taxation/. Just a normal ITR4 is good, and since your total income is less than 2.5lks, there is no tax liability and hence no audit required.

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