Comment on Zerodha - your tax aide while you trade

Venu commented on 12 Jul 2016, 09:06 PM

8% of turnover is to be considered as profit and taxes paid on such profits to avoid audits. If the turnover is 15,00,000, 8% of it is 120000. You’ve to pay taxes on 1.2 lacs based on your slab rate. You can’t consider FNO losses as STCL. Make sure you’ve computed your turnover using the right methodology.

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