Comment on Zerodha - your tax aide while you trade

ASHISH commented on 15 Sep 2015, 12:36 AM

thnx nitin for your advice…
still some doubt in my mind ;

1. if i have only speculative business then would i get attracted tax ability of flat rate of 30% like business income after deducting all expense?would it be fall under ITR 4???

2. could i use ITR 4S for speculative business ??

3. suppose my trading turnover is 500000 and my profit is just 25000

* would i require to get my account audited ?? as my turnover is less than 1 crore and profit is less than 8% i.e. 40000

*would i require to maintain books of accounts???

*if i maintain than would audit requirement persist??

thanks in advance for your valuable advice.

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