Recently I got email from IT department and asked to go throught my login page. I never filed It return as a PAN card holder.because I have no taxable income. I am trading in future and options since 2012. The page shows STT - for F&O and of stocks. Is it mandatory to file IT return as a option trader in India. I googled it , but got only section 44AD. Not in the range to pay 8%.
Yes, it is compulsory. Check this post on everything about taxation while trading: http://zerodha.com/z-connect/traders-zone/taxation-for-traders/taxation-simplified
Its Compulsory for all the person who have above taxable Income and want to carry over their losses to future years to offset against future Income.