F&O in ITR 3
This query is : Resolved
Quick Summary
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?
Dhirajlal Rambhia
(Expert)
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.
Moreover, now you cannot carry forward losses, under belated return.
Message likes :
1 times
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??
then why this compulsion??
21 January 2024
https://incometaxindia.gov.in/tutorials/54.maintenance-of-books-of-accounts.pdf
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