Comment on Taxation for Traders - Introduction
commented on
29 Mar 2016, 04:32 PM
dear nitin sir,
please answer my question -i trade actively in only equity derivatives segment, my f&o trading turnover is less than 1 crore and profit more than 8% . can i use presumptive taxation scheme and show 8% income and pay tax on that. because i dont want to maintain books of accounts. so please guide me if i do it, will any problem in future. what documents should i keep for record.