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That's useful to know. So then I would like to know whether section 44AD is applicable for someone who is trading in FnO (only FnO, no equities). Trading in FnO is considered speculative and hence is listed as business profit or loss, if I am not wrong here. Hence would like to know if someone...

Thanks, even I was under the same impression, as this was followed till lately. However it seems many people were returned notices for Section 139(9). This was possibly because of amendment of Section 44AD which says that in case the turnover is lesser than Rs 1 crore and the profits are lesser...

I heard that from this year, the account has to be audited if the business profit or loss is more than 8 percent. This means that anyone who is dealing in FnO and has profit or loss more than 8 % (which will be the case for most of FnO traders), the account needs to be audited by a CA. Any idea...

Hi, I am into trading for about one year. I am using Indiabulls. No complains as such with Indiabulls, but Zerodha looks attractive to me because of less brokerage i.e. Rs 20 per order. I majorly trade in Futures. Now a question to Zerodha. For a user like me, who mostly trade through a mobile...