Comment on Zerodha - your tax aide while you trade

Hemant commented on 30 May 2016, 12:04 PM

Dear Nithin,

Please let me know that trading in F&O business will be considered under normal business or speculation business. Also if i have loss in this year (FY 15-16) in futures and options and the turnover (as calculated by Zerodha tradewise) is around 4 lakhs then do i need to get the accounts audited as it is less than 8%.

Also i had salary income in this year on which proper TDS was deducted by the employer. So please help me whether it will be normal or speculative business and the requirement of audit is there.

Would be of great help. Thank you.

View the full comment thread »