Comment on Zerodha - your tax aide while you trade

Shammi Theodore commented on 28 Sep 2015, 10:14 AM

Hi Nithin,
According to this page, even if your net income is less than the minimum taxable income, you are liable for an audit if your turnover exceeds 1 crore. My delivery-based equity turnover as seen in zerodha’s P & L statement exceeds 1 crore. So I am liable for an audit. Am i right?

http://www.simpletaxindia.net/2013/08/tax-audit-mandatory-if-turnover-of.html#axzz3n0K5caqO

Thanks.
regards,
Shammi

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