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
Amol S Joglekar
(Expert)
06 June 2019
why to show under profit and loss account? Show it under capital gain
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