Audit of F and O T/O

This query is : Resolved

Javed Memon (Querist)
Follow

31 October 2025 Respected Sir

F & O Transactions

Option T/O- 28 Lakh
Total Sales- 2.74 Crore
Total Purchase- 2.80 Crore
Total Charges- 1 Lakh

So., Total Loss - 7 Lakh

To Claim loss of 7 Lakh For the A.Y. 2025-26
How to Show this entries in P&L

1. Show Sales and Purchases and expenses
or
2. Without Showing Purchase and Sales , Directly Show Loss From F & O Transactions- 6 Lakh
and Other Charges - 1 Lakh

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

31 October 2025 1. Show sales & purchases with expenses details.

Message likes : 1 times

Javed Memon

Javed Memon (Querist)
Follow

31 October 2025 Sir

Client is Homeopathy Doctor and Gross Receipt is 12 Lakh and Taxable income is 7 Lakh

If we Dont Show F and O Transaction and Loss of their and Only Show Professional Income u/s 44ADA
is there any Significant Problem ?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

31 October 2025 Based on AIS reporting by the trading agency, enquiry will be raised from ITD & same will be seen under suspicious angle as the volume is around Rs, 3 Crs.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now