Comment on Taxation for Traders - Introduction
commented on
30 Aug 2015, 07:35 PM
Sandy, check this out: http://zerodha.com/varsity/module/markets-and-taxation/, full module on this broken down in easy to understand chapters.
Yes, if there is no tax liability (less than 2.5lk income) then no audit required. Total income is sum of all your income (salary+business). Audit required in your case.