ITR-3 - How to show loss in 65(i) - (iii) under under Part A - P & L section and sub section 65?

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This discussion clarifies how to report speculative losses in ITR-3 for taxpayers who don't maintain books (No Account Case) under Section 65 (i)-(iii). You should enter the gross loss as a negative figure in field 65(ii) and then input any business expenses in field 65(iii). The ITR utility will then correctly calculate your net loss.

Adi

Adi (Querist)

16 August 2026 I am trying to show speculative income in ITR-3.
I have chosen 65(i) - (iii) under under Part A - P & L section and sub section 65 which is meant for those who do not wish to maintain books.
So my question is how to fill 65(i) - (iii) if I have loss instead of profit.
The 65(ii) is actually saying profit. So do I have to enter negative number here or leave it zero.
If it is zero then what to do with expenses in 65(iii)?

Aashok Kumar Sharma online

Aashok Kumar Sharma

(Expert)

17 August 2026 To report a speculative loss in ITR-3 under Section 65 (i)-(iii) for a "No Account Case," you should enter the gross loss as a negative number in field 65(ii) and input any business expenses normally in field 65(iii). The ITR utility will automatically deduct the expenses from the negative gross profit to correctly arrive at your total net loss.

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Adi

Adi (Querist)

17 August 2026 Thank you very much for your reply. It is really a great help for me from an expert like you. Thank you very much once again.

Adi

Adi (Querist)

17 August 2026 I got one more question - is this 65 for "no audit case" or for "no books maintained".

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