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Futures and options

This query is : Resolved 

Plz help me how to fill f&o loss in itr3. I got trading p&l statement from my broker. Added net positive figures 300000, filled in sale of services in ITR3. Added negative figures filled 500000 in purchases column. Arrived net loss. Am I correctly doing. Plz tell me any one.

No, your turnover will be 8 lacs addition of negative and positive figures. Add loss of 2 lacs with turnover, 10 lacs is purchase price. Tax audit applicable if you have taxable income.

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