IN ITR 3 How to Show intraday trading
This query is : Resolved
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Nitesh Maheshwari
(Querist)
15 July 2024
Turnover in the case of Intraday Trading is Absolute Turnover, IN AIS statement Showing sale Value of Shares and securities is amount of Rs 2.20 Crore .
please assist which turn over i have to show in ITR 3 in speculative business 2.20 Crore of Absolut turnover which is 50K .
Also it is a loss case so need to require Audit u/s 44 AB ?
in some delivery base transactions also to be included in Business income or to be shown in Capital Gain statement ?
please assist which turn over i have to show in ITR 3 in speculative business 2.20 Crore of Absolut turnover which is 50K .
Also it is a loss case so need to require Audit u/s 44 AB ?
in some delivery base transactions also to be included in Business income or to be shown in Capital Gain statement ?
Dhirajlal Rambhia
(Expert)
15 July 2024
1. Absolute turnover.
2. No Tax audit applicable in this case.
3. Depends upon AIS reporting, follow the suit.
2. No Tax audit applicable in this case.
3. Depends upon AIS reporting, follow the suit.
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Nitesh Maheshwari
(Querist)
16 July 2024
in some delivery base transactions also to be included in Speculative Business income or to be shown in Capital Gain statement ?
Dhirajlal Rambhia
(Expert)
16 July 2024
Better to declare it under Schedule CG.
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