Comment on Zerodha - your tax aide while you trade
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.