I am planning to start trading options. However I am daunted by the books to maintain. Other than Buy and Sell, there needs to be Index Options premium account, Stock Options Premium account and Margin account for both. Are yo members maintaining all these books? Is there any software available for this?
Also I heard that if turnover is less than 25 lakhs there is no need to maintain books of accounts if profit greater than 6% (electronic mode). is this correct?
Also I heard that if turnover is less than 25 lakhs there is no need to maintain books of accounts if profit greater than 6% (electronic mode). is this correct?