Income tax reporting of fo profit in itr3
This query is : Resolved
06 June 2019
Hi, In case of F&O, if there is 15 lakh profit and 20 lakh loss, I understand the total turnover is taken 35 lakhs. This as per my understanding will be considered non speculative business income. How do I show this in the P&L schedule of ITR 3 while filing the income tax return. Kindly suggest. Thanks
06 June 2019
why to show under profit and loss account? Show it under capital gain
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Error whilst validation
- Required to submit form 10IEA_fy 24-25
- Rebate u/sec. 87A manually
- ITR2 Not Validating Short Term Capital Loss as value less than zero
- GSTR ITC relationship
- SALES MADE THROUGH E COMMERCE OPERATOR 9(5)
- IGST Refund pending since June 2022.
- Treatment of Profit on sale of fixed assets
- SEA GOING ALLOWANCE
- TDS deducted in different section but Deposited in a Single section via Single challan
- HSN details in Table 12 for gstr1
- Profit transfer entry from one branch to head office branch
- RCM on affiliation fees paid to foreign educational institution
- E proceeding query u/s 143(2) for a.y. 24.25
- REQUEST FOR HELP IN TALLY THE BALANCE SHEET
- Non- payment of GST on supply of services- reg
- Accumulated surplus exceeding 15%
- Different GST Number MEESHO
- Fees amount transfer procedure for two doctors
- Notice u/s 148 of IT Act
Trending Online Classes
CAclubindia
