F&O Trading
This query is : Resolved
08 March 2025
My turnover is 1.5 cr I have not opted for presumptive taxation in any previous year and I have loss of 5 lac will I need audit or I can file normal itr under no account cases in itr3?
08 March 2025
Tax audit not mandatory, but file ITR under normal assessment with books of accounts maintained.
08 March 2025
I have dividend income and interest of 2.5lac will it be setoff against the loss.
08 March 2025
Yes, eligible..
08 March 2025
Thanks you for the support sir
08 March 2025
You are welcome.
08 March 2025
I also have ltcg gain of 4 lakh so will it be setoff against f&o loss?
08 March 2025
Yes, if you have (non speculative) business losses, they can be set off against income from house property, capital gains, or other sources (but not against salary income).
04 October 2025
Good luck...
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