Easy Office
LCI Learning

F&O in ITR 3

This query is : Resolved 

10 August 2023 ITR 3 is not taking negative figures i.e loss from F&O share in No Account Cases section of ITR. Also assessee is not liable to maintain book of a/c under 44aa as turnover and profit is less than prescribed limit. what is solution?


10 August 2023 You cannot book loss under 'No account case.' If you want to declare loss from F&O, file it with accounts details.
Moreover, now you cannot carry forward losses, under belated return.

11 August 2023 Please enter F&O transaction details in Sl. No. 46 of Schedule PL – Part A – P&L Account and proceed.





12 August 2023 however i dont think there is any provision of maintenance of books when there is loss u/s 44aa.
then why this compulsion??

21 January 2024 https://incometaxindia.gov.in/tutorials/54.maintenance-of-books-of-accounts.pdf



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

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries