Comment on Taxation for Traders - Introduction

Hi Nitin,

In P&L statement of zerodha is showing total buy value is 16799081.25 and total sell value is 16653090.00 in futures. Total loss is 145991.25. I tried to fill on ITR 4 of P&L,
sales and gross receipts is : 16653090.00
Purchases:16799081.25. After i am trying to upload the ITR4, it’s showing error, 44A/B for autditing (greter than 1crore of turnover). In this case what’s the turnover? How can i calculate turnover for sales and gross receipts and purcharses according zerodha P&L account?

Is it mandatory for audit in my case?

Thanks & Regards,
Venki

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