Hi,
I have done both intraday and short term trading in Zerodha. The essential figures are below. My question is if I need to do a tax audit or not ? In either case, what is the implication and how much tax I need to pay ? Please consider my losses carried forward from last year also.
| Taxpnl Statement for Equity from 2023-04-01 to 2024-03-31 | ||
| Realized Profit Breakdown | ||
| Intraday/Speculative profit | -249449.95 | |
| Short Term profit | 978930.35 | |
| Long Term profit | 0 | |
| Turnover Breakdown | ||
| Intraday/Speculative turnover | 618094.15 | |
| Total Sell value of Intraday | 125757637.4 | (is it relevant?) |
Loss from 22-23 year carried forward as follows:
| Total Loss carried forward to future years | 2,32,389(intraday0 | 3,66,615(short term) | |
CAclubindia
