Comment on Zerodha - your tax aide while you trade

Siddharth Jain commented on 23 Oct 2015, 06:51 PM

Hi,
I had 18000 loss in Intraday trading, while total turnover was about 60000, when I put it I got notice from CPC for audit and maintiaing books of accounts.

Kindly let me know is it legal if I now show my profit as 8% (around 4800) and not get tax audit, because tax audit is prooving more costlier. And do I need to show Income statements and balance sheets in this case.

Thanks

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