Filing ITR for Zerodha Traders

Tax P&L Report Breakdown: Your Zerodha Tax P&L report is categorized into sections such as Equity Intraday, Equity Delivery (short-term and long-term), Mutual Funds, Futures & Options, Commodities, Currency, Other Credits/Debits, and Equity Dividends. Types of Trading: Equity Intraday: Buy and sell stocks on the same day. Equity Delivery: Hold stocks in your Demat account for days or years.

ITR Forms: ITR-2: For capital gains income. ITR-3: For business income from trading. Due Dates: Non-audited individuals: 31st July. Audited individuals/companies: 30th September.

Tax Audit Applicability: Required if turnover exceeds ₹1 crore (or ₹5 crores with less than 5% cash transactions). Turnover Calculation: Equity Intraday: Sum of all absolute profits. Equity F&O, Commodity, Currency: Sum of absolute profits and premiums received.

Tax Reporting: Business Income: For regular trading activities. Capital Gains: For investment income. Important Note: Calculate turnover only for business income to determine tax audit necessity.